Bond Auctions to Resume With $1 Billion on Offer

Bond auctions by the government will resume next Tuesday, the Central Bank of Iran said Tuesday. It will mark the first round of the weekly auctions in the present fiscal year that started in March.
Islamic bonds will be offered in three phases worth 250 trillion rials ($1 billion) at 15%, 16% and 17%, respectively for one, two and three years maturities.
Banks, non-bank credit institutions and investment funds are invited to partake. The CBI hold the auctions on behalf of the government.
As per procedures, investors should put in bids for a minimum of 500 bonds each at par value of 1000 rials ($0.004) via the interbank auction platform managed by the CBI as well as the trade platform of the Tehran Securities Exchange Technology Management Company.