Aug 30 2008 |
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Iran to issue $525m worth of power sector participation bonds
TEHRAN - $525m worth of participation bonds for power sector plans will be issued in September, Iran Power Development Company 's managing director said here on Friday.Mohammad Behzad explained to Mehr News Agency, "The Ministry of Energy has negotiated with the
Central Bank
and
Saderat Bank
and has received necessary permits from the cabinet of ministers for issuing the bonds."
"The Central Bank has requested for raising the interest rate of these participation bonds in comparison to the previous year's rate," he stated.
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