76012
Bank Mellat to Issue $450m of Certificates of Deposit
Economy, Business And Markets

Bank Mellat to Issue $450m of Certificates of Deposit

Bank Mellat plans to issue 18 trillion rials ($450 million) worth of certificates of deposit in the next five trading days. The CDs’ sale will begin on Monday and continue until Nov. 20, Bourse Press reported.
They will have a 16% interest rate paid on a monthly basis and a 14% annual yield on repurchase before they mature in a year.
A certificate of deposit is a savings certificate with a fixed maturity date and specified interest rate, which can be issued in any denomination.
A CD, generally issued by commercial banks, restricts access to the funds until the maturity date of the investment.

Short URL : https://goo.gl/oT59vU
  1. https://goo.gl/3dNfpW
  • https://goo.gl/Lbdvmy
  • https://goo.gl/J8NLmE
  • https://goo.gl/ydzXgb
  • https://goo.gl/SuPRqb

You can also read ...

US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Arrest Over Afghan Forex Smuggling
A man has been arrested for smuggling $38,000 from Afghanistan...
IRICA: Gold, Forex Imports Not Smuggling
The import of foreign currency does not amount to smuggling...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus