Bond Auction Raises $45m

The government on Tuesday sold bonds worth 10.4 trillion rials ($45 million) in the first auction held by the Central Bank of Iran.
Buyers were mainly retail and institutional traders in the bourse with investment funds making a small contribution.
Stock market investors bought 9.9 trillion rials ($43m).  One bank and an investment fund put in bids worth 1.87 trillion rials at the interbank trade platform but the Economy Ministry only accepted the bid from the bank worth 473 billion rials.