Italy extends $5bn credit line and export guarantees to Iran - FT.com:
"Italian financing agencies have teamed up to give Iran nearly €5bn in credit lines and guarantees for exports, in one of the most significant financial deals with the Islamic Republic since the landmark nuclear agreement that led to lifting of international sanctions.
The Cassa Depositi e Prestiti, Italy’s state financing agency, which controls more than €350bn in assets, will issue €4bn in credit lines to Iranian public entities for them to fund big infrastructure projects such as railways and motorways. Italian companies such as Ferrovie dello Stato are expected to participate in those contracts.
Sace, Italy’s export credit agency, will support the transactions by providing €4bn in guarantees for those deals and an additional €800m in funding for Italian SME’s doing business in the country."
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