Islamic bonds
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Bond Sales Stutter
EghtesadOnline: Weekly bond auction data indicates a steep decline in investor interest in Islamic bonds issued by the government.
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Iran's 2020-21 Budget Bill Allows Municipalities to Issue Sukuk Bonds Worth $357m
EghtesadOnline: As projected in the draft budget bill for the fiscal 2020-21, the Iranian government has permitted municipalities to issue sukuk (Islamic bonds) to the tune of 50 trillion rials…
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Central Bank of Iran Allowed to Start OMO
EghtesadOnline: The parliament approved the section of next year’s (March 2019-20) budget bill that allows the Central Bank of Iran to launch secondary markets for trading Islamic bonds issued…
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Bonds to Be Accepted as Collateral by Iran Banks
EghtesadOnline: The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects.
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435 Trillion Rials in Bonds Proposed in 2019-20 Budget
EghtesadOnline: Provisions of Note 5 of next year’s budget give details about Islamic bonds the government intends to issue in the next fiscal year that begins in March 2019.
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Iran: SEO Working to Empower Capital Markets
EghtesadOnline: A range of new financial products, from Islamic bonds to warrants and insurance-linked securities, are being developed to help give local firms more funding options as US sanctions…
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Underwriting of SAIPA Bonds Underway at TSE
EghtesadOnline: Iran’s second-largest auto producer has started the underwriting process of its 390-trillion-rial ($92.8 million) worth of Islamic bonds on Tehran Stock Exchange.
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Iran Issues Islamic Bonds Worth $25m for Locomotive Manufacturing
EghtesadOnline: Some 1.05 trillion rials ($25 million) worth of Islamic bonds (sukuk) have been issued to fund the manufacturing of 50 locomotives by Iran’s Wagon Pars Company, the roads and…
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IRIB Mulls Issuing Bonds
EghtesadOnline: The Islamic Republic of Iran Broadcasting is considering issuing Islamic bonds in the Iranian capital market, the head of Iran Far Bourse said.
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Emaar Said to Pick Banks Including Standard Chartered for Sukuk
EghtesadOnline: Emaar Properties PJSC, the developer of the world’s tallest skyscraper in Dubai, has mandated 10 banks including Standard Chartered Plc for a benchmark-sized sale of Islamic bonds,…
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Sukuk in High Demand
Iran’s Largest Steelmaker Raises $28m in Bond Sale
EghtesadOnline: Demand for fixed-income securities is high among Iranian investors, as decreasing deposit rates leave bonds as the only high yield investment.