$63m Bonds Sold

Fixed income investors purchased 19.6 trillion rials ($63 million) bonds issued by the government at the fifth weekly bond auction. 
Bond auctions are held every week to raise funds for the government’s budget deficits. Banks, non-bank credit institutions, investment funds and institutional investors in the share market are the main buyers. The CBI holds the auction on behalf of the Economy Ministry. 
Banks and capital market investors contributed equally this time buying 9.8 trillion rials ($31.5m), according to data seen on the Central Bank of Iran website.