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Iran to issue $10bn in bonds to finance energy projects
- Iran: Monday, March 04 - 2013 at 06:22
Iranian oil ministry has unveiled plans to issue $10bn worth of bonds to finance oil and gas projects in the next Iranian calendar year, which begins on March 21, Mehr news has reported. Last July, the ministry said the central bank had opened a $10bn line of credit for a number of national oil projects in the upstream sector. The national oil projects have a number of sources of finance, such as access to 18% of the assets of the National Development Fund and the funds acquired through the issuance of $10bn in foreign currency bonds, the issuance of 15 trillion rials in other bonds, and the sale of $10bn of shares and properties of the oil ministry, the report said.
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