Iranian Sukuk Securities; Statistics of all issues as of December 2017!
Issuance of Iranian Sukuk Securities on Iran’s Capital Market has seen a surge during the recent years. Corporations now realized that the Iranian Debt Market can be utilized to meet their financing needs in a secure and convenient way with acceptable yields and a regulated framework.
The size of total Sukuk issues on Iran Debt Market raised by an astonishing figure of 500% from 2016/16 to 2016/17 and reached IRR 83,662,500 bn (cUSD 1,879.21 bn). The composition of issues is diverse covering most of the available Sukuk types, however, the weight of Sukuk Ijarah counts for more than 80% of the Sukuk market.
The below table is to demonstrate the outstanding and matured Iranian Sukuk Securities on Iran Capital Market as of December 2017 along with the assets that the sponsors chose to back them with. Also when it comes to selecting the right market to apply for admission, the stats show that Iran Fara Bourse is more attractive for issuers.
The safety and regulated framework of Iranian debt market made some issuers like Mahan Airlines to use the opportunity more than once. Recently the company decided to use Sukuk Intifa’a to capitalize its working capital needs. The details of such issue can be found in today’s market newsletter.
Statistics of all issues as of December 2017
DISCLAIMER: This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice.
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