to Finance Food Industry!
– 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.