Bond Auction Generates $400m for Government

After a strong performance last week, bonds issued by the government to fund the budget were well-received by investors this week.
The government generated 108.9 trillion rials ($403 million) selling bonds to banks as well as retail and institutional investors in the stock market, according to the Central Bank of Iran website.
Almost all bonds were bought with the majority purchased by underwriters and banks. Three banks bought 22.8 trillion rials ($84m) of the debt.