Business And Markets

No Demand for Bonds 

No Demand for Bonds 
No Demand for Bonds 

The weekly government bond offer held by the Central Bank of Iran got a cold shoulder on Tuesday.
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. In the absence of equity market investors, this week hardly one bank put a bid for 1.9 trillion rials ($5.4 million) worth of short-term bonds, however but the offer was not approved by the Ministry of Economy.


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