Business And Markets

CBI Raises $315m in Bond Sale

CBI Raises $315m in Bond Sale CBI Raises $315m in Bond Sale

Bonds worth 61.5 trillion rials ($315 million) were sold in the fourth round of a series of weekly bond auctions held by the Central Bank of Iran.
CBI hosts the auctions every Tuesday for Islamic bonds issued by the government to lenders and non-bank financial institutions. Results are released by the CBI a day after the auction.
Holding bond auctions is an initiative to help the government raise funds for budgetary needs as it struggles with rising deficits.


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