Middle East Economic Survey
VOL. LIII
No 48
29-Nov-2010
IRAN
Iran Completes 1bn Issue For South Pars
The fourth and final tranche worth 250mn of a 1bn eurobond issue to finance the development of the South Pars gas field was successfully sold, the Managing Director of Pars Oil and Gas Company (POGC) Ali Vakili said on 22 November. The bonds have a three-year maturity with a coupon of 8% and were marketed by Bank Mellat. Details about the sale of the first three tranches of the issue are...
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