Last Year’s Debt Issuance Up 92%

EghtesadOnline: The Iranian debt market witnessed the issuance of 83.6 trillion rials ($2.2 billion) of Sukuk in the last fiscal year (ended March 20, 2017), registering an over 92% growth compared with the year before, according to the head of Central Securities Depository of Iran, Mohammad Reza Mohseni.

News ID: ۷۷۵۲۳۱

06 April 2017

The Islamic bonds were issued by 14 governmental organizations and private companies, including Iran Planning and Budget Organization; Government Trading Corporation of Iran; Ministry of Economic Affairs and Finance; Ministry of Cooperatives, Labor and Social Welfare; Ministry of Science, Research and Technology; Mobarakeh Steel Company; Bank Maskan; Joopar Passenger and Freight Trains Company; RighTel; Mahan Air; Parsian Lotus; SAIPA; Bana Gostar Karaneh Company and Shargh Cement Company, SENA reported.

Sukuk are financial certificates like bonds that comply with Sharia or Islamic Law, according to Financial Tribune.