SEO’s Approval for issuing USD 24 mn Kerman Motor bonds, the third largest automobile manufacturer financing through the debt market after Saipa and Iran Khodro.

This week, Securities and Exchange Organization of Iran authorized the issuance of IRR 3 tr (USD 74 mn)* Sukuk for GulGohar Mineral and Industrial Co. These four-year papers have an annual interest rate of 18%. Moreover, Kerman Motor Co. is to issue IRR 1 tr (USD 24 mn)* Murabaha with an 18% coupon rate in Farabourse. IRR 13,549 Bn (USD 337 mn) was paid to 2,364 investors for settlement of the 11th series of Islamic T-bills in the debt market in order to complete the settlement of all T-bills (Sakhab1 to 11). Mapna Ijarah bonds trades halted in order to be settled next week.

Download the full report (PDF)