Bond Sale at 8-Week High

The government sold 29.1 trillion rials ($121 million) in bonds at the weekly auction held by the Central Bank of Iran on Tuesday.
It was the highest earning in the fourth quarter of the fiscal year starting on Dec 21 and 50% higher than the sale last week. 
Four banks and credit institutions put in bids worth 16 trillion rials ($66m) in the interbank market. Underwriters were the next buyers. As per CBI data, the security underwriters bought bonds worth 13 trillion rials ($54m) accounting for almost 45% of the total. The share of retail and institutional investors was zero in this week's auction.