Business And Markets
0

Iran's TCI to Issue $46 Million Sukuk

TCI to Issue $46 Million Sukuk TCI to Issue $46 Million Sukuk

Tose'e Etemad Mobin, parent company of Telecommunication Company of Iran, is to issue 5 trillion rials ($46 million) worth of equity-based Ijarah sukuk on Iran Fara Bourse  (an over counter market for securities and shares).
According to the Security and Exchange News Agency,  2.2 billion rent-to-own four-year bonds, each worth 2,248 rials, will be offered by IFB this week to repay TCI debts. 

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