Mash­had Mu­nic­i­pal­ity Pays Most Div­i­dend For Cor­po­rate Bonds

Iran News - - DOMESTIC -

TEHRAN – Mash­had Mu­nic­i­pal­ity has paid the most div­i­dends for cor­po­rate bonds and it wel­comes more par­tic­i­pa­tion from peo­ple in projects.

Deputy Mayor on eco­nomic af­fairs Mr. Reza Kha­jeh Naeini said that ap­proaches to­wards in­vest­ments in Mash­had should be changed and con­struct­ing com­mer­cial com­plexes in old fash­ions will not suit the city and all projects should be car­ried out based on peo­ple’s de­mands.

He added that the mu­nic­i­pal­ity has started sell­ing cor­po­rate bonds for launch­ing the line 2 of Mash­had sub­way worth 700b tomans and it will con­tinue by the week­end.

Speak­ing on the side­lines of a sem­i­nar in Mash­had, he said that the in­ter­est for the bond is 20 per­cent and it will be paid every three month and it is tax free and can be traded.

He re­it­er­ated Mash­had Mu­nic­i­pal­ity has paid the most div­i­dends for cor­po­rate bonds among the mu­nic­i­pal­i­ties in the coun­try.

He noted that 50 per­cent of the value of bonds and their in­ter­ests have been guar­an­teed by the gov­ern­ment and its in­ter­est is 20 per­cent and more than bank in­ter­est which is be­tween 15-16 per­cent.

He added that in­vestors should study and iden­tify the needs of peo­ple and tourists for in­vest­ment, and they should take new ap­proach to in­vest­ment and projects.

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