Business And Markets

Bond Auctions to Resume

Bond Auctions to Resume
Bond Auctions to Resume

The Central Bank of Iran said it will resume selling government bonds to secure funding for budgetary needs. 
In a press release posted on its website, the CBI said it will hold an auction on May 24 that will be the first of its kind in the fiscal year that started on March 21. 
The Economy Ministry put up for sale two sets of Islamic bonds worth 100 trillion rials ($333 million) with nominal interest rate of 18% with one and two-year maturity dates.


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