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 Pars Oil and Gas Company Participation Securities
(The last two tranches)
   In execution of the year 1388 budget law, Pars Oil and Gas Company intends to issue  one billion Euros of Participation Securities for financing phases 15 -18 of South Pars Gas field. The securities will have tenure of three years. Bank Mellat as the Agent bank introduces and underwrites the securities through its foreign branches and correspondents.
These Participation Securities are in bearer form that are introduced according to the law as an instrument to raise financial resources from international markets based on Partnership Contract.
The first two tranches amounting to 500.000.000 Euros (250.000.000 Euros each) were introduced on March 10th and May 3rd 2010 respectively by Bank Mellat and other Iranian Banks' foreign branches as well as some of its correspondent banks to foreign investors and Iranian expatriates.
The last two tranches of these securities has been scheduled.Continue

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