25.05.2011 - Iran to issue $35bln bonds for development plans
Iranís budget law has permitted the government to issue 350 trillion rials (around $35 billion) in bonds to accelerate the implementation of development projects. The budget also allows the government to issue Sukuk bonds as well. According to the budget law, affiliate companies of oil, energy, housing and urban development, and roads and transportations ministries can issue up to 27 trillion rials (some $27 billion) in bonds for financing their economically and technically justified projects, Hosseini added..............................................Full Article: Source
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