CBI Issues $375Mn ParticipationBonds
The Central Bank of Iran (CBI) hasissued participation bonds worth IR3,000bn ($375mn) to replace existing oneswhich matured on 8 September 2001. The bonds, which are on offer until 18September, are issued in denominations of IR1mn, IR2mn, IR5mn and IR10mn andare available at branches of the following Iranian banks: Melli, Mellat,Saderat, Tejarat, Sepah, Refah Kargaran and Agriculture. The bonds carry aprofit rate of 17%...
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