Business And Markets

$71m Bonds Sold 

$71m Bonds Sold 
$71m Bonds Sold 

Government bonds were bought this week by banks, credit institutions and institutional investors.
Bond auctions are held by the Central Bank of Iran on behalf of the Economy Ministry to raise funds for the government’s deficit spending. 
As per a report published by the Economy Ministry's news outlet, bonds worth 37.4 trillion rials ($71.2 million) were sold on Wednesday.
Two banks and credit institutions purchased a meager portion reaching no more than 600 billion rials ($1.1 million). Institutional investors took 36.8 trillion rials ($70 million) in  the 41st weekly auction. The shortest maturity date for the new debt was May 2023 at 25.7%.


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