KIAN DEBT MARKET OBSERVER

The Ministry of Roads and Urban Development plans to issue up to USD 366 mn of sukuk.

Farabourse CEO announced that sharia compliance certificates have been issued for The Islamic Republic of Iran Broadcasting’s (IRIB) Manfeat Sukuk.

According to the draft of “Pishgam” Housing Plan, the Ministry of Roads and Urban Development is allowed to issue Sukuk up to USD 366 mn, backed with property and land.

Municipality outstanding undertakings were carried out by the municipality of Tehran and the Bank Shahr.

The new Islamic Treasury Bills (TB601, TB602 and TB603) were listed in Farabourse with total value of USD 1,391 mn.

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