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Citibank arranges Middle Eastern export finance
01 April 2001
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finance
export credit
trade
export
trade finance
Citibank has been busy in the first part of the year, particularly
in the Middle East region. Two of the deals arranged are for
aircraft purchases.
In the first of these, in February 2001 Citibank closed an $80
million US Ex-Im Bank guaranteed financing for Turkish Airlines
(THY). The transaction, structured as an asset-based lease, has two
tranches an Ex-Im Bank guaranteed loan worth $68 million,...
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