– 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%.
– “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.
– 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.
– 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.
– A new issue of Islamic Treasury Bills offered today on Iran Fara Bourse to complete another piece of government debts settlement. TB131 priced at IRR 921,030 and will be matured in a year. The YTM and BEY of this new securities are 16.5% and 15.6% respectively.
– 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.
– 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.
– “Total amount of traded Iron Ore reached 924,000 metric tonnes YTD on Iran Mercantile Exchange with a whole value of IRR 880 bn.” said Hamed Soltani Nejad the CEO of Iran Mercantile Exchange. He continued: 90% of Iran’s exports were shipped to China over the current fiscal year, although the lower demand on the foreign side made Iran’s shipments to feel some constraints.
– In a press conference, the Head of the Securities and Exchange Organization (SEO) of Iran briefed the measures taken along with the progress made in the recent past in Iran capital market.
– Announcing the IRR 20,000 bn worth of foreign investors trade value in Iran Capital market, the Vice-Chairman International & Foreign Investment Affairs at the Securities and Exchange Organization (SEO) of Iran added that a huge part of this money has entered into Iran’s debt market.