Weekly Bond Sale at $86 Million

The Economy Ministry sold 27.5 trillion rials ($85.9 million) bonds in the third weekly auction held Tuesday by the Central Bank of Iran. 
The auctions are held on weekly to raise funds for the government’s deficit spending. Banks, non-bank credit institutions, investment funds and institutional investors in the share market are buyers of the bonds. 
Bidders this time were three banks who put in bids worth 26.8 trillion rials ($83.7m) but the Economy Ministry accepted 10.6 trillion rials ($33m) of the bids, according to data seen on the CBI website.