Middle East Economic Survey
VOL. LII
No 42
19-Oct-2009
IRAN
Iran To Issue $550Mn Of Bonds To Finance Refinery Upgrades
National Iranian Refining and Distribution Company (NIORDC) Managing Director Noureddin Shahnazizadeh told reporters on 12 October that the government plans to issue $550mn worth of domestically marketed bonds to finance ongoing upgrading and modernization projects at the Abadan and Isfahan refineries. Mr Shahnazizadeh said that the bonds would carry a 15% interest rate, with...
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