Business And Markets

Iran: Bonds Worth $191m Sold

Iran Gov’t Sells 44t Rials Bonds Iran Gov’t Sells 44t Rials Bonds

The government sold 44 trillion rials ($191 million) in bonds at the weekly auction on Tuesday. So far it has generated 464 trillion rials ($2 billion) in nine auctions that have been set up to help plug budget deficits. 
Bond auctions are held every Tuesday since May hosted by the Central Bank of Iran. In a notice on its website the bank said 12.6 trillion rials ($55m) were bought by lenders and non-bank financial institutions this time around.
Retail and institutional investors in the bourse bought the remaining 31.5 trillion rials ($136m) outside of CBI’s auction but at the same auction rates. 


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