Details of the ninth stage of the auction of Islamic financial bonds by the central bank in the stock market – Tejaratnews

According to Tejarat News, the ninth stage of the auction of government Islamic financial bonds was held in 1402 (Dated Mehr 4, 1402).

These bonds are issued by the central bank to implement economic policies and government programs and can be redeemed by the operating banks; In addition, the central bank guarantees the principal of the money and its profit for the buyer, and this factor gives more confidence for asset injection.

Details of the ninth stage of the auction of Islamic financial bonds

In the ninth stage of the auction of Islamic financial bonds, the central bank has sold 1,482 billion tomans worth of bonds in the primary market, the stock exchange. The rate of return of these bonds was from 24.60% to 25.70%. The details of this report are as follows:

The bonds sold at this stage, in order to provide the liquidity needed for the purchase of goods and services of the executive bodies subject to expenditure and construction credits listed in table number (7) of the budget law of the year 1402 of the whole country with a maturity of 5 years, with an annual interest rate and with payment dates 6 months, published and offered on the Iranian exchange.

In the first stage of this auction, 13 thousand billion Tomans and in the second stage 5 thousand 337 billion Tomans of bonds were sold. In the third, fourth, fifth and sixth stages, respectively, 871 billion tomans, 1456 billion tomans, 1580 billion tomans and 2 thousand billion tomans of bonds were sold by the central bank. In the seventh stage, 1,588 billion Tomans worth of bonds were sold. In the eighth stage, 11,266 billion Tomans worth of bonds were sold by the Central Bank in the stock market.

Also, the new auction of the mentioned papers will be held on October 12.

Source: Fars