Business And Markets
0

$215 Million Bonds Sold

$215 Million Bonds Sold
$215 Million Bonds Sold

The last bond auction held by the Central Bank of Iran for the government on Tuesday generated 56 trillion rials ($215 million).
Investors had shunned debt market for several weeks. However, sales in the past two week have improved. A week before, 66.4 trillion rials ($255 million) bonds were sold, the highest in five months, according to data seen on the CBI website.  
To sweeten the offers, the government has shortened the maturity date of bonds to less than two years. Most offers in previous rounds mature in at least three years.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com