Corporate Bonds Plunge 18%

Private companies issued sukuk worth 183 trillion rials ($653 million) in the first nine months (March 21-Dec. 21 2021) of current fiscal year. 
The sale was down 18% compared with 212 trillion rials ($757m) in the corresponding period last year, the Tehran Chamber of Commerce, Industries, Mines and Agriculture said quoting data released by the Securities and Exchange Organization. 
A corporate bond is a debt instrument issued by a company in order to raise capital. An investor who buys a corporate bond is effectively lending money to the company in return for a series of interest payments, but these bonds may also actively trade on the secondary market.