Iran To Raise $4.2B With Bond Sale For Natural Gas Project

Law360, New York (June 25, 2012, 6:45 PM EDT) -- Starting Tuesday, Iran's Pars Oil and Gas Co. will sell 52 trillion Iranian rials' (US$4.2 billion) worth of bonds directly to the public to help develop one of the biggest independent natural gas fields in the world.

Squeezed by Western sanctions aimed at choking off Iran's nuclear program, the Persian nation will use bond sales to fund part of its massive $26 billion 2012 investment in the South Pars Gas Field, a project that already has sucked up billions, according to information POGC published Monday....
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