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 ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...