Financing IRR 1/600 bn for railway industry Ijarah sukuks were issued for 2 companies in Iran railway industry. The first one was for Rail Pardaz Seir with value of IRR 1,000 bn and the second was for Rail Pardaz Industrial…
20 percent increase in the money supply over the past year Saba Arvand Oil & Gas Development Co., issued Sukuk Al-Intifa’a with value of IRR 10,000 bn, 19% coupon rate, 3 years maturity and semiannually payments. Based on trades on…
Financing Iran oil sector with issuance of IRR 10,000 bn sukuk According to the CEO of IFB, Issuance of debt bonds has increase by IRR 70 tr in 2019-20 budget bill. Since beginning of the year, more than IRR 335…
CBI's directive to banks to accept Islamic treasury bills as collateral According to 2018/19 budget bill, the Iranian oil ministry is authorized to issue foreign or domestic currency Sukuks, up to a cap of USD 3 bn for investment in…
YTM's decline to lowest level in 9 months Tose’e Etemad Mobin issued Ijarah Sukuk with value of IRR 5,000 bn, 16% coupon rate, 4 years maturity and semiannually payments. Based on trades on offering date, YTM of these papers is…
1.5% decline in fixed income funds yield Kian Fixed Income Index extended its decline over the past week. Conceivable, during this period the yield on fixed income funds started to fall and dropped by 1.5% at this period. New Islamic…
For the first time in 4 months, Kian FI index YTM falls below 25% Next week, new Treasury Bill will be issued with TKR “TB371", one year maturity with value of IRR 30 tr. As a result, the value of…
Writing off the liabilities of Government and private sector by treasury bills. The CEO of Saderat Bank has announced that the liabilities of contractors, government, governmental companies, banks and the central bank will be written off against one another through…
Bank CDs issued with above 15% rates for the first time since rate cuts in March 2018. The new package on foreign currency exchange proposed by government was put into action this week. Based on the new structure, 25 essential…
Bond prices fell again for the 13th consecutive week. Ijarah sukuk for Alborz Niroo with value of IRR 1,050 bn were registered last Tuesday. These papers have coupon rate of 15 % and will expire in 5 years. Rail Seir…
