Tehran—The Iranian Ministry of Finance issued IRR 5 trillion of four-year lease-based Sukuk on 16 March. Reuters reports that the bonds had been sold by means of Iran Fara Bourse, Tehran’s over-the-counter market place. The concern marks the first use by the Government of Iran of such bonds. Previously, in September 2015, an additional 1st had been notched up with the issuance of some $295 million in Islamic Treasury Bills on Iran Fara Bourse.

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