Iran raises over $2.1 bn from domestic bonds auctions in 2 months: CBI
The Central Bank of Iran (CBI) says domestic bonds issuance that began in early June has earned the government more than $2.1 billion in new resources.
The CBI said in a Wednesday statement that it had held 10 rounds of domestic bonds auctions worth 498 trillion rials ($2.165 billion) since June 2.
It said bonds had been offered in maturities of one to four years with yields between 16.7 to 19 percent.
Banks had bought more than 72 percent of the bonds or a total of 361 trillion rials (less than $1.6 billion), said the statement, adding that legal and real entities were responsible for 112 trillion rials ($487 million) of purchases followed by investment funds and finance firms that bought 25 trillion rials (around $101 million) of the bonds.
Bonds issuance has become a major part of Iranian government’s efforts to shore up finances that have been affected by American sanctions on oil exports.
The government has also listed shares of major state-run companies and banks, a policy that has paid off given the growing interests to invest in Iran’s stock market.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
Israel launches air strikes on Syria-Lebanon border crossing
Russia: Comprehensive deal with Iran will include defense, security ties
VIDEO | Israeli embassy shooting in Jordan leaves gunman dead, 3 police injured
VIDEO | Paris march in support of Palestine women
VIDEO | ICC issues arrest warrants for Israeli prime minister, ousted regime war minister
120 Palestinians perish as Israeli war machine keeps ravaging Gaza
VIDEO | Struggles of Palestinian women amidst war, displacement
VIDEO | Hezbollah rains attack drones down on elite Israeli brigade
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
