Middle East Economic Survey


No 18



Iran Plans 750Mn Bond Issue

Hojjatollah Ghanimifard, Vice-President for Investment Affairs at the National Iranian Oil Company (NIOC), told reporters on 26 April that Iran will offer on 3 May the second tranche of a 1bn bond issue to fund exploration and development projects. The first tranche of the bonds, worth 250mn, was issued on 10 March (MEES, 15 March). Although Iran initially planned to offer the bonds in four installments of...