Gov’t Bond Sale Up 310% in H1

Data released by the Central Bank of Iran indicate that bonds worth a total of 1,021.5 trillion rials ($3.8 billion) were sold during the first six months of current fiscal year. 
Bond sale grew more than 310% during the period on an annualized basis. Most of the bonds were offered by the government with the non-governmental bodies having a paltry share. 
The government sold Islamic bonds worth 888.4 trillion rials ($3.2b) in H1 accounting for more than 86% of the total bonds sold.  Sales also recorded a staggering growth in the period rising 466.8% compared to the corresponding period last fiscal year.