MIDEAST MONEY-Iran to expand sale of Islamic treasury bills, spur debt markets | Reuters:
"Iran's government plans to increase its issues of short-term Islamic bonds this year, aiming to rejuvenate the domestic debt market and help reduce local firms' reliance on loans from a debt-laden banking sector.
In the wake of the lifting of nuclear-related sanctions, authorities in Tehran are rolling out a series of initiatives to develop the country's capital markets, such as new rules covering mortgage-backed securities.
Partly because low oil prices and the economic scars of sanctions have made foreign investors wary of lending to Iranian companies, most will initially have to rely on domestic investors for their funding needs."
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