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Participatory Bonds Worth $310m Sold Last Year

Participatory Bonds Worth $310m Sold Last Year Participatory Bonds Worth $310m Sold Last Year

The latest data on the participatory bonds market in the last fiscal year (ended March 20, 2019) indicate that government and municipalities sold about half of the bonds issued during the yearlong period. 
According to a report released by Central Bank of Iran on its website, last year government and municipalities of major cities managed to sell 39.8 trillion rials ($310 million) of a total of 88.5 trillion rials ($691 million) worth of participatory bonds issued in the period. 
A total of 20 trillion rials ($156 million) in participatory bonds were issued by the Ministry of Economic Affairs and Finance as per the annual budget of the fiscal 2017-18 to be used for financing government projects.

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