Iran to hold regular bond auctions to boost gov't finances

0 Comment(s)Print E-mail Xinhua, May 14, 2020
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TEHRAN, May 14 (Xinhua) -- The Central Bank of Iran (CBI) plans to launch a platform for auctioning bonds to raise funds for government's budgetary needs, Financial Tribune daily reported Thursday.

According to the report, the CBI will hold auctions regularly at the start of each week.

The CBI's special interbank trading platform will assist lenders in placing purchase orders for government bonds, it said.

Orders will then be processed by the CBI brokerage and sent to the Ministry of Economy for selection.

The initiative aims to boost government finances, reduce trading costs in the interbank market and facilitate access of banks and credit institutions to the bonds. Enditem

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