Hedge Fund’s Tehran Trip Shows the World’s Ready for Iran Bonds
ByIn the 36 years since the Islamic revolution swept over Iran, the country has tapped international debt markets exactly twice.
Those bonds, worth a total of just 1 billion euros, have long since disappeared from traders’ screens, having matured almost a decade ago. But now, in the aftermath of Iran’s deal earlier this month with international powers to end sanctions, investors like Hans Humes are anticipating that drought will end soon.
As Iranian officials were in Vienna hammering out terms of the nuclear accord, Humes, a New York-based hedge fund manager, traveled to Tehran to do scouting work of his own. During a 10-day trip, he liked much of what he saw — a well-educated population, low homelessness, signs of a modernized economy — and said he’d be a buyer when the nation starts selling debt to finance projects that weren’t viable under the sanctions…
Hedge Fund’s Tehran Trip Shows the World’s Ready for Iran Bonds
