The results of the 19th week of government securities were announced
According to Tejarat News, quoting the Ministry of Economy and Finance, following the actions of the Ministry of Economic Affairs and Finance to finance the country’s economy with the aim of reducing the inflationary consequences, the Treasury of the country this year to issue and issue government securities using methods Including issuing Islamic treasury bills and holding nineteen-week bond issuance between banks, non-bank credit institutions and financial institutions active in the capital market (such as investment funds and financing companies) and two stages of underwriting securities through the central bank brokerage and the quotation system. Finding the Tehran Stock Exchange Technology Management Company.
According to this report, according to the decisions taken for optimal financing, the nineteenth week of debt securities was held, which after receiving orders to buy securities from the mentioned applicants in the interbank market systems of the Central Bank brokerage and quoting Tehran Stock Exchange Technology Management Company, a total of 7. 526 billion tomans of bonds were sold in cash.
The report adds that so far a total of 50.771 billion tomans has been financed through the issuance of cash bonds, about 29 percent through the money market and 71 percent through the capital market.
This report points out that with the publication of Islamic treasury bills and during the eighteen weeks of issuing government bonds until 31/06/1400, a total of 124.245 billion Tomans, including 81,000 billion Tomans of Islamic treasury bills and 43.245 billion Tomans. Toman financing bonds were done.
It is worth mentioning that the Ministry of Economic Affairs and Finance (Treasury of the whole country) according to its legal and specialized duties, citing the results of comprehensive analysis of “trends in economic variables” and “trends in government debt sustainability in various scenarios” The output of public resources, as well as considering the priority of policy compliance with the monetary policy framework, holds a bond auction every week and evaluates and accepts purchase offers.
Obviously, the result of the above-mentioned approach is to ensure full confidence in the ability of the government to repay the principal and sub-liabilities arising from the issuance of Islamic securities at maturity and to determine the key factors in accepting proposals.