A new Sukuk Murabaha on IFB; this time for a private company!
– The Securities and Exchange Organization of Iran has granted its principal consent with regards to the issuance of a new corporate Sukuk Murabaha this time for a privately owned company. Padideh Gharn chemistry co. is to issue these securities with 16% coupon rate, to be paid quarterly, for its raw materials purchases. The issue size is IRR 500 bn (USD 11.94 mn) and will be matured in two years. Mellat bank will act as the guarantor to this securities.