In some circles the idea of an Iranian Eurobond, which had been rumoured for some time, had been a dinner party joke. But the success of the Islamic Republic of Iran’s debut Eurobond is undisputable.
The e500 million deal, for which BNP Paribas and Commerzbank were joint bookrunners, was struck at the top of the indicated range and was followed a few days later by a e125 million tap issue. The five-year issue, which offered an 8.75%
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