Islamic T-Bills to yield +24% again!
– Today a new issue of Islamic T-Bills has been offered on Iran Fara Bourse. Being the first of a whole new round, TB281 has a due date of fewer than 2 months now but the original maturity of securities was 5 months. The total size of the issue reaches IRR 5,000 bn (USD 118.4 mn) and the below table demonstrate all possible pricing scenarios, however, the securities priced at IRR 967,000 which made the YTM stand at 24.45%. With returns now more than 24% these days, Islamic T-Bills have become among the top choices of investment amid market participants again.