VOL. XLV
No 30
29-July-2002
IRAN
Iran Adds125Mn To 500Mn Bond, Confirming Strong Demand
On 18 July Iran added 125mn to the bond it issued only a weekearlier, confirming the strong demand that was suggested when the original500mn issue was 300mn oversubscribed (MEES,15 July). The bond, which is being lead managed by BNP Paribas and Commerzbank (MEES, 3 June), is the first issued since the1979 Islamic revolution. It initially saw a bumpy road to market after Moodyswithdrew the countrys B2 grade...
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