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…

Read More

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…

Read More

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…

Read More

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…

Read More

Kian Debt Market Observer

Government Fixed Income Index yield jumps to its highest level SAIPA Group issued Ijarah Sukuk with value of IRR 3,900 Bn and 18% coupon rate, 4 years maturity and quarterly payments. Based on public offering transactions, YTM of these papers…

Read More

Kian Debt Market Observer

Government approval for issuing new T-bills to settle its debts Government has approved the structure for the issuance of T-bills with the value of IRR 20,000 bn (type 1) and IRR 1,000,000 bn (type 2). The fund to be raised…

Read More

Kian Debt Market Observer

For the first time, prepaid gold coin contracts will be an IME tradable security Minister of Roads and Urban Development announced Alborz Niroo’s decision to issue Ijara Sukuk papers with the value of IRR 1,050 Bn. The fund raised is…

Read More

Kian Debt Market Observer

Kian Fixed Income Index yield jumps to its highest level since Jan, 2017. During last week, annual yield of Kian Fixed Income Index hit 25%, reaching its highest level in the last 18 months. IRR 500 bn one year Standard…

Read More

Kian Debt Market Observer

The largest corporate financing of the capital market to date with a yield of 23% annually. This week, Iran Telecommunications Company issued Ijarah Sukuk with total value of IRR 8,000 bn, making this the largest corporate financing of the capital…

Read More