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Ijarah Sukuk for the Government of Iran

27 Mar 2016

Novin IB, the first Investment bank in Iran, facilitates the state's first public debt securities in terms of Ijarah Sukuk, to be listed in Iran OTC market in the first quarter of 2016. In this issue which is in the amount of 5,000 billion rials (167 million US dollars) and in favor of settling Ayandesaz Pension Fund & Mahan Airlines payable to the state, with a tenure of 4 years and a nominal rate of 18% semiannually, Novin IB intermediates as the subscription and listing adviser to the MoF.

Despite the absence of the rating, the principal and interest payments by the originator are fully guaranteed by the Management and Planning Organization, a subdivision to the state and the Central Securities Depository of Iran is responsible for the semiannually payments. Novin IB Brokerage is the offering Agent and Novin IB is in charge of listing & subscription consultation of the securities in Iran OTC market.

Investors who are seeking for low risk investments can buy these securities denominated in Iranian rials with a fixed interest rate along the decreasing interest and inflation rates ahead.

Last Modified: Monday 28 March 2016 08:39
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Ijarah Sukuk_ Iran

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