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Tag : market overview

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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.

collection of forks with vegetables and fruit

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.

Iran Fara Bourse

Iran Fara Bourse Offers a New ITB Issue! – Daily Market News

by date: 24 January 2018in News & Reports No Comments

Iran Fara Bourse Offers a New ITB Issue!

Market News

– Today a new issue of Iranian Islamic Treasury bills offered to the public on Iran Fara Bourse in an attempt to continue the settlement of Iranian government liabilities with the help of Iran debt market. These securities worth 10,000 bn (cUSD 219.78 mn) and will be matured in two years. “TB181” priced at 772,258 to have a YTM of 16.31% and a BEY of 15.11%.

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.

Hero-dividends

Issuers pays cUSD 5,767.4 mn dividends on Tehran Stock Exchange! – Daily Market News

by date: 2 January 2018in News & Reports No Comments

Issuers pays cUSD 5,767.4 mn dividends on Tehran Stock Exchange!

Market News

– 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.

Iran Mercantile Exchange

Iran Mercantile Exchange offers 129K tonnes of petrochemicals! – Daily Market News

by date: 31 December 2017in News & Reports No Comments

Iran Mercantile Exchange offers 129K tonnes of petrochemicals!

Market News

– Yesterday more than 129,000 tonnes of petrochemical and oil products including Vacuum Bottom (VB), Lube Cut, Sulfur, Slap Wax, Polymer and petrochemicals were offered on Iran Mercantile Exchange. Moreover 11,700 tonnes of natural bitumen were traded on export floor of IME as well.