According to PGPIC, on the second day of the
13th International Exhibition of Stock Exchange, Banking, Insurance and
Privatization, the group signed five memorandums of cooperation worth 105,000
billion tomans with Tejarat, Mellat and Saderat banks as well as Kardan and Mellat
investment banks to finance petrochemical projects.
PGPIC, as in previous years, with the
approach of benefiting from maximum opportunities and the ability to finance
new financial models from the money and capital market to advance its ongoing
petrochemical projects, displayed a dazzling activity in the exhibition and
during negotiations and exchanges with existing banks, it succeeded in signing cooperation
agreements for 2 years worth 105,000 billion Tomans, including 85,000 billion
Tomans for facilities, commitments and opening of Rial domestic letters of
credit, 400 million dollars of foreign exchange facilities and issuance of
10,000 billion Tomans of power of attorney through the capital market.