Gov’t Raises $287m in 8th Bond Auction

Islamic bonds worth 61.7 trillion rials ($287 million) were sold during the weekly bond auction on Tuesday. The auctions are in line with the government’s efforts to access funds for fixing its budget deficit.
In a notice the Central Bank of Iran said 43.3 trillion rials ($201m) were bought by lenders and non-bank financial institutions. The CBI hosts the auctions. 
The remaining 18.4 trillion rials in bonds was sold to institutional and retail investors in the stock market and outside of the auction.
In the eight auction of its kind the government offered Murabeha bonds worth 69 trillion rials ($320m).