Issuing asset-backed securities with value of IRR 2,000 bn
- The first series of asset-backed securities based on accounts receivable as collateral in private sector was issued by Kerman Motors (a listed automaker), with value of IRR 2,000 bn, 16% coupon rate, 3 years maturity and quarterly payments. The issue is backed by future auto lease agreements. Based on trades on offering date, YTM of these papers is 16.9%.
- Iranian parliament members have given permission to the government to issue