– Just the other day another issue of Iranian government Islamic treasury bills got listed on Iran Fara Bourse. Like others, TB151 is to settle the administration’s debt to contractors. The issue size hovers around USD 436.8 mn (IRR 19,000 bn) and the offering will be at a discount to par. Today all 19 mn of said securities has been offered to public and price at IRR 894,766 with a YTM of 16.09% and BEY of 15.01%.
– From the beginning of the current Iranian year (March 21st, 2017) to date, Tehran Stock Exchange and Iran Fara Bourse issuers paid a figure of IRR 248,000 bn (cUSD 5.77 bn) in cash dividends to their investors which made the DPS average equal to IRR 267. Moreover, the net profit (loss) of the Iranian listed companies reached IRR 476,917 bn on November 2017 showing IRR 17,272 bn (Ave. IRR 355 per share) raise contrary to the previous month.
– “Total amount of traded Iron Ore reached 924,000 metric tonnes YTD on Iran Mercantile Exchange with a whole value of IRR 880 bn.” said Hamed Soltani Nejad the CEO of Iran Mercantile Exchange. He continued: 90% of Iran’s exports were shipped to China over the current fiscal year, although the lower demand on the foreign side made Iran’s shipments to feel some constraints.
– In a press conference, the Head of the Securities and Exchange Organization (SEO) of Iran briefed the measures taken along with the progress made in the recent past in Iran capital market.
– Announcing the IRR 20,000 bn worth of foreign investors trade value in Iran Capital market, the Vice-Chairman International & Foreign Investment Affairs at the Securities and Exchange Organization (SEO) of Iran added that a huge part of this money has entered into Iran’s debt market.
– Following the settlement process of Iranian government debts to industry sectors, today a new issue of ITBs worth IRR 19,000 bn (cUSD 451.3 mn) offered to public on Iran Fara Bourse under the ticker name of TB141. The securities have no coupon payments and will be issued at a discount to par. The below table demonstrate different scenarios for the pricing and YTM. However, the new T-bills priced at IRR 891,274 on Iran Fara Bourse today which led to a yield to maturity of 17.04% and a BEY of 15.84%.
– Today the initial offering of cUSD 24.1 bn worth Sukuk Murabaha for Kerman Motor Co. takes place on Iran Fara Bourse for three consecutive days. This securities are to provide working capital to the company and has a nominal yield of 17% with coupons to be paid quarterly with a maturity of 24 months. This is another piece of corporate debt securities on Iran capital market with settlement period of T+1.
– Recent stats revealed by Securities & Exchange Organization of Iran show significant decline on fixed income funds’ yields registered in the Iran Capital Market. The below comparison table indicates that on average Iranian fixed income mutual funds are now paying circa 2% less to their investors over the first 8 months of 1396 (2017/18). This is the direct effect of late Iran Central Bank directive on lowering interest rates and it could be counted as a good sign for Iranian economy in general.
– The recent blockage of some Iranian petrochemical companies’ bank accounts in China, which were then, experienced by Iranian citizens and students there, took negotiations and talks to be resolved; it appeared that they originated from severe implementation of FATF regulations and did not only focus on Iranians but they were applied to other countries wanting to open an account or transfer money.
– In an attempt to provide Government Trading Corporation Of Iran enough funds required for wheat purchases, the ministry of economic affairs and finance sold IRR 20,000 bn (USD 491.5 mn) worth of Sukuk Murabaha on Iran Fara Bourse the other day. The securities have maturity of 4 years with a nominal rate of 17% per annum and the coupons will be paid semi-annually by Central Securities Depository of Iran.