Sukuk in Iran’s Capital Market Top $3b

EghtesadOnline: The value of Islamic bonds issued in Iran’s capital market has reached 120 trillion rials ($3.17 billion), chief executive of the Central Securities Depository of Iran, Mohammad Reza Mohseni, said.

News ID: ۷۷۸۵۹۶

20 August 2017

The value, he added, is set to grow in the near future, as Raja Rail Transportation Company is scheduled to issue 760 billion rials ($20.1 million) worth of sukuk with a maturity period of five years and a 16% yield, Mehr News Agency reported.

Automaker SAIPA and its after-sales subsidiary SAIPA Yadak have issued 3.5 trillion ($92.5 million) and 850 billion rials ($22.48 million) worth of Islamic bonds respectively in the current Iranian year (started March 21), according to Financial Tribune.