Weekly Bond Sale at $153m

The government bond offer was welcomed by stock market investors on Tuesday after two consecutive unsuccessful weeks wherein the main buyers (banks and institutional investors) stayed away.
Debt worth 52.848 trillion rials ($153.4 million) was sold in the 24th weekly auction held by the Central Bank of Iran.
Auctions are held by CBI on behalf of the Economy Ministry to raise funds for the government’s budget deficits.
Buyers of the debt normally are banks, credit institutions, investment funds and institutional investors.