The Ministry of Economy in Tehran has plans to issue Manfa’at Sukuk worth 100 trillion rials ($877 million) to help augment government spending, according to the head of Capital Market Central Asset Management Company.
The Sukuk bonds will be issued following a request by the Debt Management Office of the ministry, Gholamreza Abu Torabi said, Securities and Exchange News Agency reported.
The office compiles data on the government’s arrears and regulates government securities to clear arrears and finance budgetary shortfalls.
Originally published on www.financialtribune.com
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