Iran Debt Market to Issue new Islamic Treasuries!
– In an attempt to develop Iran Debt Market further, the chair of Iran’s Securities and Exchange Organization announced new Treasuries are be offered in Iran Fara Bourse soon. According to Shapour Mohammadi there is an outstanding figure of cIRR 160,000 bn worth securities available in the Iran Debt Market now that are to be matured upon the year end. “There a huge potential for new Islamic treasuries in the Iran Debt Market now. Eyeing the budget bill, the administration is allowed to deploy cIRR 300,000 bn new securities into the Iran Capital Market and we are confident to to do as such” he continued. Below table demonstrate the latest status of outstanding ITBs in the Iran Debt Market. Analysts believe that if the new issues happen in a timely fashion and gradually, it could be easily absorbed into market without any dire effects on interest rates.