EghtesadOnline: The Economic Council agreed on Monday that the government issue 10 trillion rials (about $222 million) worth of bonds for purchasing new airplanes and maintaining the country’s roads.
EghtesadOnline: The chain reaction between the anticipated rise in deposit interest rates and the decline in prices of debt securities is in full swing, as highlighted by the issuance of the latest batch of Islamic Treasury Bills on Iran Fara Bourse.
EghtesadOnline: The government has issued over 300 trillion rials ($6.4 billion) worth of debt securities so far in the current fiscal year (started March 21, 2017), Chairman of Islamic Republic of Iran Debt Management Organization Mehdi Banani announced.
EghtesadOnline: The municipalities of Iranian metropolises are allowed to issue up to 80 trillion rials ($1.9 billion) of bonds in the next fiscal year (started March 21) based on the new budget bill presented to the parliament on Sunday, Tehran Mayor Mohammad Ali Najafi announced on Monday.
EghtesadOnline: The Islamic Republic of Iran Broadcasting is considering issuing Islamic bonds in the Iranian capital market, the head of Iran Far Bourse said.
EghtesadOnline: A total of 5.8 trillion rials ($151.59 million) in bond yields will be paid to investors in Shahrivar (Aug. 23-Sept. 22)–the sixth month of the current Iranian year, Hadi Alipour, an official with the Central Securities Depository of Iran, said.
EghtesadOnline: As the government's issuance of bonds has become a talking point in the controversy surrounding high interest rates, a deputy economy minister said although bond yields could affect bank rates, the debt market should not be blamed for the predicament.
EghtesadOnline: Iran’s debt market is set to become even larger, as more governmental Islamic bonds are being issued.
EghtesadOnline: President Hassan Rouhani’s Cabinet has approved a measure to repay its arrears to the Social Security Organization and the organization’s debts to a commercial bank.
EghtesadOnline: Parliament on Saturday ratified a law that allows the government to issue bonds in the next fiscal year for developing major oil and gas projects.