Business And Markets

Municipalities Raise $340m in Bond Sales

Municipalities Raise $340m in Bond SalesMunicipalities Raise $340m in Bond Sales

Municipalities in big cities issued a total of 49 trillion rials ($355 million) in participatory bonds during the first nine months (March 20-Dec 21) of current fiscal year. 
According to a Central Bank of Iran report, municipalities unloaded 95% of the bonds and raised 46.95 trillion rials ($340 million) during the three fiscal quarters. 
The report covers both issued and traded bonds by municipalities and government-affiliated companies. However, data show that the government neither sold nor issued bonds during the period. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment