Business And Markets

Bonds Get Tepid Response 

Bonds Get Tepid Response 
Bonds Get Tepid Response 

The weekly government bond auction on Wednesday held by the Central Bank of Iran again failed to impress with banks purchasing little in the absence of equity market investors.
Auctions are held by CBI on behalf of the Economy Ministry to raise funds for the government’s deficit spending. Buyers of debt normally are banks, credit institutions, investment funds and institutional investors. 
The shortest maturity date for this week’s debt offer was May 2023 at 22.53%. According to a CBI report banks purchased 3.8 trillion rials ($8.8 million) during the 37th  auction. 


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