Oil Offer to Bondholders

The Ministry of Economy on Sunday offered to settle payment to holders of Islamic bonds by delivering crude oil. 
In a notice published on its news portal, Shada.ir, the ministry said the “provision” would be available only to bonds maturing on May …

The Ministry of Economy on Sunday offered to settle payment to holders of Islamic bonds by delivering crude oil.  In a notice published on its news portal, Shada.ir, the ministry said the “provision” would be available only to bonds maturing on May 2021.  It asked bondholders who may be...