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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Iran plans 10 bln euro bond issue for oil sector

Posted on 13 July 2012

Iran’s national oil company has been authorised to issue up to 10 billion in euro-denominated bonds this year to help finance its activities, NIOC’s director said on Wednesday, in a further sign the country’s biggest business is creaking under sanctions.
The possible bond issue, which could also include trillions in local currency debt, will depend on Iran’s “situation,” Ahmad Qalebani was quoted by oil ministry website Shana as saying at a conference on oil and gas sector development………………………………………..Full Article: Source

 
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