Iraq Seeks $2 Billion Loan for Boeing Jets With Citi as Adviser
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Iraq will seek $2 billion in financing for some of the 40 jetliners it has on order from Boeing Co. as the Middle Eastern country recovering from years of warfare taps U.S. export credit for the first time.
A committee drawn from Iraq’s transport and finance ministries, Central Bank and Iraqi Airways, which will use the planes, will be formed today to negotiate the funding, Deputy Transport Minister Bangen Rekani said in a telephone interview.