Capital Market Investors Sole Buyers of Gov’t Bonds

Capital market investors were the sole buyers of government bond during the weekly auction held by the Central Bank of Iran.
Retail and institutional investors bought bonds worth 18.5 trillion rials ($69 million) through stock market trade platforms, according to a CBU press release
Once the main buyers of government bonds, banks and credit institutions stayed away for the second week in a row.
Banks refusal to buy debt came despite the fact that as per rules passed by the Money and Credit Council, the top monetary decision-making body, the lenders are obliged to allocate at least 3% of their financial resources to government bonds.