Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

IRAN

Iran Issues Third 250Mn Tranche Of Bonds For South Pars

Iran has started issuing 250mn worth of bonds at foreign branches of Bank Mellat in the third tranche of a 1bn issue designed to finance the development of phases 15-18 of the South Pars field, Irans petroleum ministry website Shana reported on 2 June. Bank Mellat official Said Ghaffari was quoted as saying that half of the issue was expected to be sold on the first day. The bonds,...