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...