VOL. XXXVII
NO. 50
12-SEPTEMBER-1994
Financial and Banking News
Capital Markets
Tehran Municipality Launches Bond Issue To Fund Public Works
Tehran Municipality is planning to raise IR250bn ($104mn) from bond issues tohelp finance the cost of a local redevelopment project. The first tranche ofbonds, for IR75bn, will start on 23 September. Two other tranches will follow inSeptember 1995 and March 1996. The bonds will have a four-year maturity and willbe tradable on the Tehran Stock Exchange. The...
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