Iran Fara Bourse hosts a new Islamic Treasury Bill!
– Just the other day another issue of Iranian government Islamic treasury bills got listed on Iran Fara Bourse. Like others, TB151 is to settle the administration’s debt to contractors. The issue size hovers around USD 436.8 mn (IRR 19,000 bn) and the offering will be at a discount to par. Today all 19 mn of said securities has been offered to public and price at IRR 894,766 with a YTM of 16.09% and BEY of 15.01%.