Mashhad Municipality Pays Most Dividend For Corporate Bonds
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.