Middle East Economic Survey


No 19



Iran Issues Second $250Mn Tranche Of Bonds For South Pars

Iran announced on 3 May that it has started issuing bonds worth $250mn at foreign branches of Bank Mellat the second tranche of a $1bn bond issue designed to finance the development of phases 15-18 of South Pars field. The bonds will be available to Iranian expatriates and foreign investors for a period of 10 days and will carry a return (profit rate) of 8% with a maturity of...