Gov’t to Issue More Treasury Bonds
Economy, Business And Markets

Gov’t to Issue More Treasury Bonds

The government is selling 20 trillion rials ($540 million at market exchange rate) worth of Islamic Treasury Bills through Bank Melli as repayment of overdue debt to non-government contractors.
The bonds–only transferable to other contractors and issued with the name of the contractor–were given to Energy Ministry contractors and can be redeemed at Bank Melli next winter in October and November, IRNA reported.
The bonds do not have any coupons and are given at a discount to their face value.
“We are issuing these bonds to repay government debt to non-government contractors as part of the 2015-16 budget law,” said Rahmatollah Akrami, who is also a deputy economy minister.
Earlier in December, Akrami announced that the total value of the electronically issued bonds amounted to more than $1 billion by then since they were first launched on September 30.


Short URL : http://goo.gl/TvlCBo
  1. http://goo.gl/0B1Pzm
  • http://goo.gl/UxoLcU
  • http://goo.gl/oQMDBy
  • http://goo.gl/fJLf5O
  • http://goo.gl/xNmtRQ

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...