Copying and distributing are prohibited without permission of the publisher
Trade Bank of Iraq – export letter of credit
26 March 2010
Meeting the needs of Iraqi power
|
Advising/confirming bank: JP Morgan
Issuer: Trade Bank of Iraq
Borrower/Purchaser: Government of Iraq
Legal advisory: DLA Piper (Chicago) advised Iraqi Ministry of Electricity
Amount: $3 billion |
The size, scope and purpose of this deal has certainly grabbed our attention, and it is safe to say that this is indeed a landmark transaction with JP Morgan at the helm.
In December 2008, The Iraqi Ministry of Electricity and GE Energy signed an agreement for the purchase of power generation equipment and services valued at nearly $3 billion.The announcement was a significant milestone in...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
