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	<title>bond auctions Archives - Iran News Daily</title>
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	<title>bond auctions Archives - Iran News Daily</title>
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		<title>Iran Sells over $200m Worth of Bonds in Weekly Auctions</title>
		<link>https://irannewsdaily.com/2020/08/iran-sells-over-200m-worth-of-bonds-in-weekly-auctions/</link>
					<comments>https://irannewsdaily.com/2020/08/iran-sells-over-200m-worth-of-bonds-in-weekly-auctions/#respond</comments>
		
		<dc:creator><![CDATA[reporter 1222]]></dc:creator>
		<pubDate>Thu, 20 Aug 2020 05:16:46 +0000</pubDate>
				<category><![CDATA[domestic]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[bond auctions]]></category>
		<category><![CDATA[bond sale]]></category>
		<category><![CDATA[budget deficit]]></category>
		<category><![CDATA[Central Bank of Iran]]></category>
		<category><![CDATA[IRAN]]></category>
		<guid isPermaLink="false">https://irannewsdaily.com/?p=115953</guid>

					<description><![CDATA[<p>TEHRAN (Iran News) – The Central Bank of Iran (CBI) said bonds auctions it usually holds on a weekly basis have generated more than $200 million for the week ending on Tuesday, a boost to government efforts to cover a budget deficit that is set to increase because of the economic costs of the coronavirus [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/08/iran-sells-over-200m-worth-of-bonds-in-weekly-auctions/">Iran Sells over $200m Worth of Bonds in Weekly Auctions</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>TEHRAN (<a href="https://irannewsdaily.com/" target="_blank" rel="noopener noreferrer">Iran News</a>) – The Central Bank of Iran (CBI) said bonds auctions it usually holds on a weekly basis have generated more than $200 million for the week ending on Tuesday, a boost to government efforts to cover a budget deficit that is set to increase because of the economic costs of the coronavirus pandemic.</p>
<div class="itemcontent">
<p>“In total, 45.2 trillion rials ($200 million) worth of government debt bonds were purchased in the current week by banks, financial entities, and other investors,” said a CBI statement, Press TV reported.</p>
<p>CBI announcements on weekly bond auctions usually update data on sell-offs and the number of bonds on offer for the next round of auction.</p>
<p>The auctions is part of government efforts to shore up finances through various financial and banking schemes as it feels the impacts of lower economic activity in the country as a result of the spread of coronavirus.</p>
<p>The Tuesday statement said that private and government-run banks were responsible for nearly 25 percent of purchases over the past week.</p>
<p>Bonds sold since last Tuesday had yield rates of up to 21.5 percent, said the CBI, adding that the Ministry of Finance had contributed to 25.5 trillion rials (nearly $116 million) worth of revenues gained from the debts.</p>
<p>It said the bonds had been offered either through an interbank system that is run by the CBI or in the Tehran Stock Exchange where trade has rebounded after a brief plunge seen in recent days.</p>
</div>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2020/08/iran-sells-over-200m-worth-of-bonds-in-weekly-auctions/">Iran Sells over $200m Worth of Bonds in Weekly Auctions</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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