Kian Debt Market Observer

A decrease on bank interest rates is less likely as CBI has decided to stabilize the current official rates. In this week’s Cabinet meeting, issuance of IRR 100 tr (USD 2.7 bn) Securities Islamic Sukuk for implementing projects and by…

Read More

Kian Debt Market Observer

Banks are meeting in two weeks to decide on whether to lower the rates. Last week, Ijarah bonds of Saipa Co (SP1Q1) & (SP2Q1) with total value of IRR 3500 bn (USD 93 mn) were issued on Tehran Stock Exchange…

Read More

Kian Debt Market Observer

Debt market rates have stabilized around the average YTM at 22% since the beginning of the Persian calendar year. SEO granted the license agreement for the issuance of Saipa Sukuk with value of  IRR 3,500 bn (USD 93 mn)* and…

Read More

Kian Debt Market Observer

Banks are meeting in two weeks to re-discuss lowering of the rates. According to the president of the Association of Private Banks, a joint meeting will be held shorty to decide on decreasing deposit rates. The Securities and Exchange Organization and the Parliament are…

Read More