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Tehran Municipality issued two municipal bonds, as a part of financing its subway’s line 6 construction project through Tehran Stock Exchange.
The securities were listed at the Exchange on 5 September 2016 under “TEHRAN 811” and ‘’TEHRAN 812” symbols, both with 4 years of maturity period. The rate of return is 18 and 21 percent respectively on a yearly basis. Total value of the issued securities is IRR 7,000 billion.
