Weekly Bond Sale Generates $88m

The government sold 22.5 trillion rials ($88 million) in bonds at the weekly auction on Tuesday -- up 15% compared to the previous week sale. 
As per a press release posted on the Central Bank of Iran website, four banks put in bids collectively worth 7.8 trillion rials. The bids were approved by the Economy Ministry. 
Bonds were sold at 21.5% for and 20.5%, respectively for three and two years maturity dates. The remaining were sold to retail and institutional traders.  Bond auctions were largely ignored in the seven weeks but investors have shown renewed interest in the past three weeks.