Bond Auctions Generate $580m

The government sold bonds worth 145 trillion rials ($580 million) at the weekly auctions in the third quarter the current fiscal year (Sept. 22-Dec. 20).
Despite growth in earnings from the debt market in the past four weeks, the Q3 bond sale was comparably lower and almost a fourth of the total sold in the June-Sept. quarter.
Auctions are held every week by the Central Bank of Iran since May to help the government plug its budget holes.  As per auction data seen on the CBI website, the government earned 586 trillion rials ($2.3b) in bonds in summer. The Q2 bond sale accounted for 70% of the total.