VOL.XXXVIII
NO.4
24-OCTOBER-1994
Financial and Banking News
Regional Financing
Iran Reschedules Italian Credits
Iran and Italy have signed an agreement to reschedule $1.7bn of short-termoverdue Iranian debt. The agreement, with a term of four years and a graceperiod of 18 months, covers guaranteed and unguaranteed short-term facilities,but not medium and long-term debt estimated at $3bn.
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