Treasury Bills Account for 44% of Iran Debt Market

Islamic treasury bills held the majority share of funding via the debt market, accounting for 44% of the total during the first ten months (March 21- Jan. 21) of the current fiscal year. 
It was followed by manfa’at bonds with 19% share of finance, according to Reza Gholamalipour, an official with Iran Fara Bourse.  
Selling bonds made 1,480 trillion rials ($10.5 billion) available to borrowers during the period, the Securities and Exchange News Agency quoted him as saying.   
Islamic treasury bills are used as a debt instrument issued by the government of Iran and guaranteed by the government.