Economics
Hedge Fund’s Tehran Trip Shows World’s Ready for Iran Bonds
The economy, which is 15 to 20 percent smaller than it would have been without sanctions enacted after 2010, rebounded to post 3 percent growth in 2014 after two years of contraction.
Photographer: Franco Czerny/Getty ImagesThis article is for subscribers only.
In the 36 years since the Islamic revolution swept over Iran, the country has tapped international debt markets exactly twice.
Those bonds, worth a total of just 1 billion euros, have long since disappeared from traders’ screens, having matured almost a decade ago. But now, in the aftermath of Iran’s deal earlier this month with international powers to end sanctions, investors like Hans Humes are anticipating that drought will end soon.