EghtesadOnline: To revamp the financial sector Iran’s capital market regulator aims to develop a vibrant market for mortgage-backed securities ( MBS ) to stimulate the debt market and spur the sluggish construction industry. To this end it has published rules and regulations to underpin the MBS to widen the range of funding options for local firms who suffer from lack of capital.

EghtesadOnline: A board member of Iran’s main housing mortgage bank says it will issue 100 trillion rials ($3.17 billion) worth of mortgage backed securities ( MBS ) in the fiscal year that ends in March 2017. The measure would be the second of its kind this year which saw $95 million worth of the securities sold in a short time.