18% Sukuk Musharaka on Iran Fara Bourse!
– Iran and East leasing company is to issue new corporate Sukuk Musharaka on Iran Fara Bourse from Monday (Jan 15th) with a nominal rate of 18%. This securities worth IRR 240,000 mn (cUSD 5.5 mn), will be mature in 48 months and have monthly coupon payments. The raised capital from this offering will be used to finance housing facilities department. As of today there are 29 Sukuk securities trading on both TSE and Iran Fara Bourse markets. It shall be noted that since the first day of Sukuk issuance on Iran’s Capital Market, there were 18 corporate issues worth IRR 16,000 bn which have been settled right on time.