VOL. XLV
No 50
16-December-2002
IRAN
Iran Launches Second Eurobond Issue Worth 375mn
Iran has issued a Eurobond worth 375mn to reach its 1bn external funding target through bond issues for the fiscal year 2002-2003, all of which will be used to finance development projects according to Mohammad Mojarrad, Vice Governor of the Central Bank of Iran (CBI). The bonds will have a coupon of an annual rate of 7.75% and an annual re-offer yield of 7.90%. The issue price is 99.43% of par and the launch...
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