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Tag : IFB

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Tehran Stock Exchange

SHOY1 Went Public on Tehran Stock Exchange! – Daily Market News

by date: 6 February 2018in News & Reports No Comments

SHOY1 Went Public on Tehran Stock Exchange!

Market News

– Today 10% of Shouyande (detergent) Industry Management Co. (SHOY1) offered to public on Tehran Stock Exchange and 100 mn shares of the company got listed among Chemical tickers. The estimated price range during book building was from IRR 2,600 to IRR 2,730 and finally the ticker priced at IRR 2,730. SHOY1 is a subsidiary of Behshahr Industries holding (TSBE1) with its main focus on detergent production. The company’s sales are expected to rise 30% in upcoming year despite the surge of its revenues by 11%. The forecasted EPS for FY2018/19 is IRR 420 which make the P/E ratio 6.4.

Iran’s Debt Market

Iran’s Debt Market to Host More Islamic Treasury Bills! – Daily Market News

by date: 5 February 2018in News & Reports No Comments

Iran’s Debt Market to Host More

Islamic Treasury Bills!

Market News

– Continuing the stream of Iran’s government overdue liabilities settlement, today a new piece of Islamic Treasury Bills has been offered to public on Iran Fara Bourse. The issued securities worth IRR 17,000 bn (cUSD 373.62 mn) and will be matured in one year. “TB191” price at IRR 864,959 with a YTM and BEY of 17.46% (17.37% commission included) and 16.20% respectively. The below table shows the latest status of Iran’s Debt Market.

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Corporate Sukuk on Iran Fara Bourse to Finance Food Industry! – Daily Market News

by date: 3 February 2018in News & Reports No Comments

Corporate Sukuk on Iran Fara Bourse

to Finance Food Industry!

Market News

– Koroush food industries is to issue Corporate Sukuk Murabaha, on Iran Fara Bourse, worth IRR 500 bn (cUSD 10.98 mn) to cover its financing needs. Reporting from capital market news agency, the SEO granted its principal consent for the company to IPO new debt securities for the purchase of raw materials (Sunflower raw oil). This new issue has a nominal yield of 16% and will be matured in 2 years with quarterly coupon payments. Bank Mellat will act as the guarantor and Mellat investment bank is going to be the market maker.

SEO

SEO to make amends for disclosure directive! – Daily Market News

by date: 28 January 2018in News & Reports No Comments

SEO to make amends for disclosure directive!

Market News

– After a huge wave of protest to SEO’s new disclosure directive, today at meeting with board members of SEO and market professionals, it was decided for the missing financial information needed by analysts to come back in form of annex tables to management performance reports for 7 groups of industries. Banking, Insurance, Leasing, Investments, constructions, production and service providers are among sectors SEO chose to enjoy disclosing foretasted budget information.

Iran’s Economy

Iran’s Economy; Now More Credible! – Daily Market News

by date: 27 January 2018in News & Reports No Comments

Iran’s Economy; now more credible!

Market News

– In its latest upgrade, and as the result of efforts by the government and the banking system aimed at improving Iran’s economy, the Organization for Economic Cooperation and Development (OECD) improved the county’s ranking in terms of export credit risk from 6 to 5; the last upgrade was done in June 2016 where the country’s rate was reduced from 7 to 6. Measuring the country’s risk as well as the likelihood that it lowers the volume of its external debt, this index employs 8 categories, including IMF reports on the country’s economic conditions and foreign exchange reserves. Lowering the cost of attracting foreign finance, it will also play a major part in attracting foreign investments and export credits.

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SEO not to eliminate brokerages credit lines! – Daily Market News

by date: 21 January 2018in News & Reports No Comments

SEO not to eliminate brokerages credit lines!

Market News

– “The recent directive by SEO addressing brokers to provide their clients on longer with credit lines was an absolute misunderstanding” said Rouh Allah Mirsanei the Secretary-General of Iranian brokerages association. He continued: “the previous customers credit lines bylaw is still in place and SEO is just to mitigate any unnecessary risks by simply recording each client credit history and eliminate probable adverse balance and delays in payments.” According to the SEBA Secretary-General, brokers can continue offering their customers with purchase credits like before.

Iran Fara Bourse

Iran Fara Bourse Hosted a New Ticker! – Daily Market News

by date: 16 January 2018in News & Reports No Comments

Iran Fara Bourse Hosted a New Ticker!

Market News

– In today’s session, 20% of Zagros-e Shahr-e Kord Milk and Meat Company, equal to 16,000,000 shares, went public in the second market of Iran Fara Bourse, listed on the Agriculture space, through the book building with its price ranges from IRR 3400-3500; each individual and institutional code was allowed to put orders up to 130 shares. According to the company’s financial statements, its sales over 2015 and 2016 grew up by 3 and 5%, respectively and it forecasted to see a 17% jump in its sales in 2017 to stand at IRR 500 bn, which seems possible in case milk prices continue to rise. With IRR 80 bn in capital, the company has estimated to realize an EPS of IRR 482 for the FY ending 21 March 2018 and it has covered IRR 205 over H1.

Dana-Gas-Sukuk-Unlawful

18% Sukuk Musharaka on Iran Fara Bourse! – Daily Market News

by date: 14 January 2018in News & Reports No Comments

18% Sukuk Musharaka on Iran Fara Bourse!

Market News

– 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.

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Justice shares to release for trades on Tehran Stock Exchange! – Daily Market News

by date: 6 January 2018in News & Reports No Comments

Justice shares to release for trades on Tehran Stock Exchange!

Market News

– Head of the Economic Commission of the Iranian parliament announced the bill releasing justice shares for trades on Tehran Stock Exchange will be notified on the next public hearing of Majlis anytime soon. “We are against distributing earnings of justice shares and principal asset along with the equity ownership shall be in hands of shareholders themselves” Said Pourebrahimi on a radio interview.

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Iran Fara Bourse hosts a new Islamic Treasury Bill! – Daily Market News

by date: 3 January 2018in News & Reports No Comments

Iran Fara Bourse hosts a new Islamic Treasury Bill!

Market News

– 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%.