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Participatory Bonds

  • EghtesadOnline: Tehran City Council has ratified the issuance of participatory bonds worth 300 trillion rials ($2.4 billion) by the municipality to finance the expansion of the capital’s subway network.

  • EghtesadOnline: The latest data on the participatory bonds market in the last fiscal year (ended March 20, 2019) indicate that government and municipalities sold about half of the bonds issued during the yearlong period.

  • EghtesadOnline: A report by the Central Bank of Iran shows that out of a total of 51 trillion rials ($504.9 million) worth of participatory bonds, 39.8 trillion rials ($394 million) were bought by investors in the first seven months of the current fiscal that started in March.