Business And Markets

Weekly Bond Sale at $73m 

Weekly Bond Sale at $73m 
Weekly Bond Sale at $73m 

The Economy Ministry generated 22.8 trillion rials ($73 million) in the last bond auction Tuesday held by the Central Bank of Iran. 
The auctions are held weekly 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. 
One bank (not named) was the sole bidder this time in the interbank market putting bid worth 15.8 trillion rials ($51 million), according to data released on the CBI’s website.


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