Iran to Offer $243 Million in Bonds to Fund Hydroelectric Plants
Dec. 28 (Bloomberg)-- Iran’s Energy Ministry plans to offer about $243 million of participation bonds denominated in Iranian rials to fund the completion of its hydroelectric plants, the Islamic Republic News Agency reported yesterday.
Tehran-based Bank Sepah will sell the bonds from Dec. 31, and interest on the debt will be paid on a quarterly basis, the official news agency reported, citing Mohammad-Reza Rezazadeh, managing director of Iran Water and Power Resources Development Co.
To contact the reporter on this story: Dana El Baltaji in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com