Iran General NewsIran says to issue bonds worth 1 bln euro

Iran says to issue bonds worth 1 bln euro

-

ImageReuters: Iran will start offering bonds worth a total of 1 billion euro on March 9, the Oil Ministry's website SHANA reported on Sunday. ImageTEHRAN, March 7 (Reuters) – Iran will start offering bonds worth a total of 1 billion euro on March 9, the Oil Ministry's website SHANA reported on Sunday.

The bonds, designed to help finance development of phases 15-18 of Iran's South Pars natural gas field, will have a maturity of three years and an interest rate of eight percent, SHANA said, citing the head of state Bank Mellat, Ali Divandari.

The bonds will be offered both to domestic and foreign investors, SHANA reported, adding they would be available at Iranians banks abroad.

"These bonds will be available for sale starting March 9 for a period of 120 days … it is predicted that they will be sold before the assigned sale date due to the attractiveness of the interest rate paid on them," Divandari said. (Reporting by Hashem Kalantari; writing by Fredrik Dahl; editing by Raju Gopalakrishnan)

Latest news

Requirements for a Simple Life in Iran; the Unattainable Dream

It is no exaggeration to say that Iran's economy is in a major freefall. All economic indicators are suggesting...

Sale of Iran’s Historical Items; Is There Anything Left To Sell?

Some of the members of the Iranian regime’s parliament have submitted a plan on the 'optimal use of antiquities...

Iran: Bread Protests Are on Way, Stronger Than Gas Protests

Observers in Iran believe that nationwide protests and uprisings are underway following the Iranian regime’s decision to increase the...

Iran: Tax Pressure on the People and Exemption for the ‘Super Rich’

In a critical situation where most of the Iranian regime’s officials and media outlets are warning its leaders to...

Iran’s Regime and Its Expertise in Reversing the Truth

In order to get an insight into the Iranian regime’s real behavior and culture, you first need to analyze...

Capital Outflow Intensified in Iran

One of the current major crises in Iran’s economy is the capital outflow, which is implemented by the regime’s...

Must read

US extends sanctions waivers for Japan, Europeans

AP: The Obama administration has exempted Japan and 10...

Iran Undermining Lebanon Efforts to Form a Government

Iran Focus London, 10 Dec - Lebanon has still not...

You might also likeRELATED
Recommended to you