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Iran to issue $7bln in bonds for energy sector

Posted on 25 January 2010

From Tradearabia.com: Iran plans to issue bonds worth up to 5 billion euros ($7 billion) from March 2010 to help finance development of its key energy industry, the semi-official Mehr news agency reported on Sunday.

“Based on next year’s budget bill, which has been presented by President Mahmoud Ahmadinejad early on Sunday, the government permits the oil ministry to issue up to 5 billion euro bonds to help finance development of the country’s oil, gas and petrochemical sectors,” the agency reported…………………Full Article: Source

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