Tehran, Iran, June 6
By Mehdi Sepahvand - Trend:
Iranian government today offered over $1.6 billion bonds on Tehran Stock Exchange (TSE), the highest of its kind by the government so far.
Accordingly, 35 million bonds of the National Iranian Oil Company (NIOC) were offered on the TSE under the name MPARS712, and also 15 million bonds from the same company under the name MAGHREB9712 were offered at the TSE, Tasnim news agency reported June 6.
The MPARS712 bonds were worth 35 trillion rials ($1,148,350,000), while the MAGHREB9712 bonds were worth 15 trillion rials ($492,150,000).
The two groups of bonds come with 3-year maturity dates and daily, tax-free interests of 21 percent, with interests being paid every three months.