Bond Sales Fall, Again

Bond sale by the government weakened again this week as the main buyers, namely banks and institutional investors in the stock market, opted out.
The government hardly made 100 billion rials ($304,800) in the 21st auction held by the Central Bank of Iran on Tuesday. 
Auctions are held by CBI on behalf of the Economy Ministry to raise funds for the government’s budget deficits.
Buyers of government debt are banks, non-bank credit institutions, investment funds and institutional investors in the stock market.