Sunday 10 July 2011

Iran Energy Ministry plans $1 bln bond issue -report - Maktoob News

Iran's energy minister aims to issue $1 billion of dollar denominated bonds, the students news agency ISNA reported on Saturday.

"We are preparing to issue $1 billion of bonds to develop electricity and water projects," Majid Namjou told ISNA, adding the bonds would be offered inside Iran and abroad.

Namjou's announcement comes as plans to merge his ministry with the Oil Ministry are on hold due to opposition from parliament.


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