Cabinet agrees to issue $2.7bn Securities

Iran’s Council of Ministers convened on Wednesday in a session chaired by President Rouhani and agreed to issue securities and Islamic bonds (sukuk).

The securities and Islamic bonds worth $2.7 billion were agreed to be issued to operationalise plans and projects in companies under ministries of Petroleum, Energy, Roads and Urban Development, Communications and Information Technology, Defence and Armed Forces Logistics, Industry, Mine and Trade, Agriculture, Youth and Sports, the Atomic Energy Organization of Iran, Cultural Heritage, Handicrafts and Tourism Organisation , universities and higher education institutions affiliated to the ministry of Science, Research and Technology, and the Ministry of Health and Medical Education.

(Source: Office of the Iranian President)

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