Financial and Banking News
Iran Reschedules Uninsured Italian Debt
According to the Iranian News Agency IRNA, Iran has reached an agreement withits Italian creditors to reschedule the last tranche of its debt with Italy,worth $420mn. The tranche is the element uninsured by the Italian export creditguarantee agency SACE. The deal, which will be signed later this month, involvespaying 25% in cash on 22 August with the residue in the form of promissory...