Kian Debt Market Observer

Debt market rates have stabilized around the average YTM at 22% since the beginning of the Persian calendar year.

SEO granted the license agreement for the issuance of Saipa Sukuk with value of  IRR 3,500 bn (USD 93 mn)* and 18% coupon rate. Saipa also financed IRR 5,000 bn (USD 130 mn)* through the issuance of Murabaha last year.Last week, debt securities trading volume declined as a result of the upcoming presidential election on Friday, the uncertainty of the outcome and its impact on the future of capital markets.

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