Business And Markets
0

Gov’t to Issue $720m Murabaha Sukuk

Gov’t to Issue $720m Murabaha Sukuk  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.  

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com