– Acting as a catalyst to deepen Iran capital market by directing liquidity to real economic sectors, debt securities with the highest yields have been reported below until 18 January 2017:
– According to the Statistical Center of Iran, the Inflation Index stood at 6.9% over 21 Dec- 19 Jan, registering 3 points down in comparison with the same period last year.
– After the entrance of new airliners to modernize the nation’s fleet, an MoU has also been signed between Iran Airport Company and Germans, including Frankfurt and Munich Airport, aimed at expanding Iran Airports and modernizing its equipment and facilities. This MoU deals with navigation infrastructures and operation management in addition to airport development.
– The Minister of Roads and Urban Development announced the signing of deal between Iran and Germany in the transportation railway transportation sector. The planned locomotives will be jointly produced by Siemens and Mapna.
– After a year from the JCPoA in an interview, the CBI governor stated that this deal has paved the grounds and created the opportunity for foreign companies to resume their cooperation with Iranian banks and institutions and given it enough time, hard work and negotiations, Iran and Iran’s Economy can again play an active role in the international scene.
– Holding a meeting yesterday, the banking coordination council passed the resolution on impunity for delinquent debtors’ (institutions) late fees and penalties. “6% of IRR 880,000 bn Iranian Banks facilities are for past dues and NPLs. With the new directive, there will be a chance to collect IRR 830,000 bn of which.” Said Saleh Abadi, the CEO of Export Development Bank of Iran and the council member.
– After holding fruitful meetings with regulators from Germany, Switzerland and South Korea and also joining the IOSCO, the Securities and Exchange Organization of Iran (SEO) now intends to facilitate the process of issuing bonds in international markets for the listed companies on Tehran Stock Exchange. According to an official, the first market will be South Korea and such debt securities will be denominated in euro. If happens, Iran will rejoin the international bond market after 4 decades.
– Today, 47 mn shares of Rail Seir Kosar, with the ticker.., with IRR 471,820 mn in capital, were initially offered in Iran Fara Bourse; this is the second IPO conducted based on the Book Building method. Each individual or institutional investor was allowed to purchase 1,000 shares at most at the price ranging from IRR 1,900-2,090. The company’s major activity falls in the purchase of passenger and load wagons as well as offering repair and maintenance services and spare parts sales.
– Referring to Iran’s rich resources, with the potential to completely improve Iran’s Economy, an official announced the available cooperation opportunities between Iran and Europe in mineral and industrial activities; he stressed that there are fine grounds for joint-activity by Iran, Austria and Germany in steel and coal sector. In order to fully enjoy such opportunity, Iranian private sector must be encouraged to actively start negotiations with such foreign partners.
Stressing on the importance of a diversified derivative market in the country, the CEO of Tehran Stock Exchange referred to the need to training traders followed by building the required infrastructures before introducing new derivatives into the market; as the result, they have adopted a step by step approach to expanding the market.
