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Bonds worth $33.3M issued to small businesses in Iran

Finance Materials 25 December 2018 15:56 (UTC +04:00)

Baku, Azerbaijan, Dec. 25

By Elnur Baghishov - Trend:

During the first nine months of this Iranian year (started March 21, 2018), small businesses were issued bonds worth 1.4 trillion rials (about $33.3 million) and their maturity was extended, Trend reports via Shata.

During the first nine months, 84 bonds worth 654 billion rials (about $15.5 million) were issued, and the maturity of 134 bonds worth 771 billion rials (about $18.3 million) was extended.

The Iranian banks which received the most bonds included Sina Bank with bonds worth 279 billion rials (about $6.6 million), Post Bank of Iran with bonds worth 126 billion rials (about $3 million) and Sepah Bank with bonds worth 51 billion rials (about $1.2 million) during the reporting period.

During this period, the greatest amount of bonds was issued to small businesses in Iran’s Kermanshah, Fars and South Khorasan provinces.

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