Iran's 20% Yields Tempt Charlemagne as Tehran Returns From Cold - Bloomberg Business

Iran's 20% Yields Tempt Charlemagne as Tehran Returns From Cold - Bloomberg Business:

"Its economy is growing faster than almost any other in the Middle East, its bonds pay twice as much as Russia’s and Turkey’s, and it has reined in runaway inflation.
Iran is proving a draw for some foreigners with yields exceeding 20 percent on about $4.5 billion of short-term securities sold by state and private borrowers.
While shedding its former pariah status will take time, Iran’s reintegration into the global economy following almost a decade of international sanctions is creating opportunities for investors willing to shoulder the risk, according to Charlemagne Capital Ltd. The London-based money manager partnered with a Tehran firm last year to add the country’s bonds to its holdings, taking comfort from repayment guarantees provided by Iranian underwriters."



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