Gov’t to Issue $720m Murabaha Sukuk

The government plans to sell 110 trillion rials ($720 million) in Murabaha Sukuk on Sunday to fund administrative bodies wanting to purchase goods and services. 
Sukuk bonds will be issued in two rounds with 18% yields to be paid every six months, Iran Fara Bourse, the junior market for trading bonds and stocks, announced this on its website.  
In the first round, bonds worth 77.5 trillion rials and in the second 32.5 trillion rials worth of bonds will be offered with 48 months and 42 months maturity, respectively.