Business And Markets

Gov’t Bond Sales Rebound

Gov’t Bond Sales Rebound
Gov’t Bond Sales Rebound

Bonds sold by the government jumped in the weekly auction on Tuesday to reach 48.1 trillion rials ($165 million), the highest in three weeks. 
Unlike the last two rounds, the offers were greeted by both banks and credit institutions in the interbank market and retail and institutional investors with the latter group dominating trade in the primary debt market. 
In the interbank market bidders this time were four banks and credit institutions that put in bids worth 15.6 trillion rials and the Economy Ministry agreed to sell them 14.6 trillion rials ($50m), according to data published on the Central Bank of Iran website. 


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