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$121m Bonds Sold in Tuesday Auction 

$121m Bonds Sold in Tuesday Auction 
$121m Bonds Sold in Tuesday Auction 

The government sold 36.2 trillion rials ($121 million) bonds in the latest weekly auction on Tuesday.  
It was the biggest bond sale during the 13 auctions held weekly since the May, the Economy Ministry reported. 
Initiated in May 2021, bond sale is part of the government’s effort to raise funds for its ballooning deficits and banks, mutual funds and security underwriters are invited to take part. 
Unlike poor demand for bonds in previous weeks, the bond sale was welcomed by stock market investors as well as  banks and credit institutions, tough the role of the latter two was smaller. 

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