Financing IRR 1/600 bn for railway industry
- Ijarah sukuks were issued for 2 companies in Iran railway industry. The first one was for Rail Pardaz Seir with value of IRR 1,000 bn and the second was for Rail Pardaz Industrial with value of IRR 600 bn. For both papers, the coupon rate is 16% with 5 years maturity and quarterly payments. Based on trades on offering date, YTM of these papers is 16.98%.
- In the past week, the SEO has granted its principal consent to 5 companies for the issuance of the total IRR 43,200 bn worth of Sukuk.
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