Iranian firm benefits from ITFC trade finance loan

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24 June 2009

The International Islamic Trade Finance Corporation has allocated funds to support the import requirements of Iran’s Behshahr Industrial Development Corporation.

The International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank (IsDB), has allocated Eu25 million to...

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Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?

No - are you crazy? These prices are ridiculous. What were these banks thinking?

27%

Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.

64%