Iran Economy NewsIran plans 2 bln euros bonds to develop petrochemicals

Iran plans 2 bln euros bonds to develop petrochemicals

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Reuters: Iran will issue bonds worth 2 billion euros ($2.48 billion) to help finance development of its petrochemical industry, the Oil Ministry website SHANA reported on Monday.

TEHRAN June 21 (Reuters) – Iran will issue bonds worth 2 billion euros ($2.48 billion) to help finance development of its petrochemical industry, the Oil Ministry website SHANA reported on Monday.

“In order to finance the development of Iran’s petrochemical units … Iran will issue 2 billion euro bonds in cooperation with the Melli Bank,” Shana reported, without giving further details. (Writing by Parisa Hafezi, Editing by Anthony Barker)

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