The First Iran Debt Market Index has Unveiled
Kian Capital Management has unveiled fixed income index named “Kian Iran Fixed Income Index”, which is the first index of its type, reported on the Iranian debt capital market, is consist of government, corporate and municipal fixed income sub-indices. The government issued USD 223 mn (IRR 10 tr) of Mushareka bonds to fund the Tehran-Mashhad Electric Grid scheme. These 4-year bills have semi-annual payments with a coupon rate of 17%. Sytel bond, Ijareh Sukuk of Rightel Communications Services Co. is settled. The bonds issued in 2013 in order to purchase the equipment at a rate of 20%.
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