Outflow of over IRR 41 tr from fixed income funds.
- Hekmat Iranian Leasing Company obtained the license for issuing Musharakah sukuk with value of IRR 200 bn. These papers have 4 years maturity and monthly payments with coupon rate of 16 percent. YTM will be determined by the market upon issuance and when trading commences.
- Despite an average 21% annualized return of fixed income funds last month, fund performance data shows an outflow of over IRR 41 trillion or 3% of total AUM in the 30 days up to Wednesday 12 September.
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