Kian Debt Market Observer | March 9th – March 13th

Issuance of IRR 48,000 bn worth of Sukuk in the past week.

• Saba Arvand Oil & Gas Development Co., issued Sukuk Al-Intifa’a with value of IRR 20,000 bn, 19% coupon rate, 3 years maturity and semiannually payments. Based on trades on offering date, YTM of these papers is 22.5%
• Persian Gulf Chemical industry company issued Ijarah Sukuk with value of IRR 10,000 bn, 16% coupon rate, 3 years maturity and quarterly payments. Based on trades on offering date, YTM of these papers is 17%.
• Saipa issued Murabaha Sukuk with value of IRR 7,000 bn, 16% coupon rate, 4 years maturity and quarterly payments. Based on trades on offering date, YTM of these papers is 17%.
• Social Security Investment Co., issued Sukuk Al-Intifa’a with value of IRR 6,000 bn, 19% coupon rate, 3 years maturity and semiannually payments. Based on trades on offering date, YTM of these papers is 19.9%.
• Standard Parallel Salam papers on oil were issued with value of IRR 5,000 bn, 18% coupon rate and 12 months maturity.