Latest Sukuk in Iran’s Capital Market
* Being decisive as well as determined to settle its debt through Iran’s Capital Market, the acting administration have paid significant attention to introducing and developing new financial instruments; this would lift the pressure off banks and increase liquidity in the society in a non-inflammatory manner. Aimed at settling the government debt to the Ministry of Education, Ijarah Sukuks worth IRR 20,000 bn with 20% yield were issued the other day in Iran Fara Bourse whose coupons will be paid every 6 months; such sukuks will be matured within 48 months. The said Sukuk will be offered in 7 separate tickers through a consortium of local investment banks. Simultaneously, the Ministry of Cooperatives, Labor and Social Welfare of Iran also issued Murabahah Sukuks worth IRR 10,000 through 5 independent tickers in order to settle its debt to Iran’s Health Insurance Organization.