- Following the Islamic Treasury Bills offering on 30 September 2015 for the first time and holding the nominal value of $25.68 per bill, a new series of bills (10,000,000 bills) with the ticker Akhza6 went public in Iran Fara Bourse market while their price discovered to be $25.13 with the maturity date on 15 March 2017. With the government acting as the guarantor for such debt securities, their liquidity risk is partly mitigated, having a positive impact on their return rate adjustment. This series has been issued with the aim of settling a part of government’s debt to contractors in the private sector.
- Aiming to upgrade its aging fleet, Iran started entering into agreements with giant aviation companies, mainly Airbus and Boeing, which will be implemented according to the set schedule, said by the minister of Road and Urban Development. Calling it a real test for Iran to finish this deal and work out the financing problem, international experts believe that the agreement between Iran and Boeing has the potential to motivate those international companies which are postponing their trades with Iran mainly due to the fear of being punished by the US government for violating any probable remaining sanction. Because of the current limitations, including not being allowed to use US dollar, other interested parties are keeping an eye on this agreement to find out ways to overcome such a hurdle.
- On the sidelines of the International Financial Congress in Saint Petersburg, the deputy governor of the Bank of Russia announced that some Russian banks are prepared to renew their brokerage ties with Iran, praising measures Iran took towards harmonizing its structure with international standards and regulations. In this congress, with the deputy governor of the Central Bank of Iran present, both sides stressed the need for strengthening banking relations between Iran and Moscow which might lead to an increase in the volume of trades between the two countries. In this regard, it has been accorded to set a committee and a technical team to identify the current obstacles ahead of forming such ties and activate the mechanisms required for providing credit lines between these two countries as well.