KIAN DEBT MARKET OBSERVER | Nov 3rd – Nov 6th

Writing off the liabilities of Government and private sector by treasury bills. The CEO of Saderat Bank has announced that the liabilities of contractors, government, governmental companies, banks and the central bank will be written off against one another through…

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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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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…

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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…

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