Prohibition of receiving interest by governmental organizations.
- The Central Bank of Iran prohibited banks from paying interest to the governmental organizations’ accounts.
- IRR 7,000bn Musharakah with 20% coupon rate and quarterly payments is issued by Mashhad Municipal for the construction of two new lines for Mashhad Metro.
- This week, SABA NAFT Engineering & Construction Co issued Ijarah papers through Farabourse with total value of IRR 920 bn and 15.9% YTM. The bonds will mature in 4 years with 15% coupon rate and quarterly payments.
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