Significant increase of debt market share in government proposed budget

Public offering of USD 475 mn of Murabaha Sukuk for the financing of Health Development plan under “R26Q1″ is finalized. These papers have 4 years maturity with 17% coupon rate and semi-annually payments.

Based on the 1397 Budget Bill, the government estimates to release USD 17.5 bn on various types of securities for debt settlement and issue USD 3 bn worth of currency bonds. This is while previous budget had predicted a USD 8.2 bn of securities released in 1396.


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