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Iran stock exchange issues $7 bln in bonds

Iran Materials 14 December 2011 16:41 (UTC +04:00)

Azerbaijan, Baku, Dec. 14/ Trend M. Moezzi

The Iranian over-the-counter (OTC) stock exchange has issued $7 billion in participation bonds to date, Ilna quoted the OTC's managing director as saying.

The OTC has played a significant role in expanding the stockholding culture in the country and has increased the investment market's official shareholders by 50 percent, Mostafa Omid Ghaemi said.

Before the OTC's entrance, official shareholders' investment was 3 million codes. This number has grown to 5.4 million with the entrance of companies who had offered a public prospectus earlier

In the three years since its opening, Iran's OTC has tried to offer different financing procedures by issuing shares, fixed-income bonds and other financing tools.

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