Middle East Economic Survey
VOL. LIV
No 50
12-Dec-2011
IRAN
South Pars Bond Sale Falls Short As 75% Remains Unsold
The National Iranian Oil Company (NIOC) has largely failed to attract interest from investors in its IR5 trillion ($455.5mn) bond issue, which was floated on the market on 26 November. This represented the countrys latest move to raise funds in the face of tightening international sanctions. After an initial five working day period to market the bonds, Irans semi-official Mehr...
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