Kian Debt Market Observer

Central bank approves rolling of high interest one year deposits Tehran Municipality announced preliminary steps have been taken to finance the development of Tehran’s subway system. The plan is to raise IRR 7,000 bn through issuance of Musharekah papers. SEO’s…

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Kian Debt Market Observer

Daily trading value in debt market hit a new record. Social Security Investment issued stock based Ijarah papers with value of IRR 12 Tr, coupon rate of 19% and maturity of 3 years. The fund was raised to settle the…

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Kian Debt Market Observer

Bank CDs issued with above 15% rates for the first time since rate cuts in March 2018. The new package on foreign currency exchange proposed by government was put into action this week. Based on the new structure, 25 essential…

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KIAN DEBT MARKET OBSERVER

Bond prices fell again for the 13th consecutive week. Ijarah sukuk for Alborz Niroo with value of IRR 1,050 bn were registered last Tuesday. These papers have coupon rate of 15 % and will expire in 5 years. Rail Seir…

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