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$40m in Interest for Bondholders

$40m in Interest for Bondholders$40m in Interest for Bondholders

The Central Securities Depository of Iran will clear 1.4 trillion rials (about $40 million at market exchange rate) of interest payments to bondholders in Farvardin (Iranian month started March 20), a CSDI executive said.

There are over 60 Islamic bonds or sukuk available for trade on Iranian securities exchanges, IRNA reported. "Fifteen of these bonds are due on interest payments, including nine corporate Ijara sukuk, five Musharaka sukuk from municipalities and companies, and one Murabaha bond," Shadrouz Khosravi added.

According to the CDSI executive, 10 companies will also pay dividends on their shares in Farvardin through CSDI. The Central Securities Depository of Iran is the registry entity and custodian for Iranian securities, which clears payments and transfers ownership of securities.

Financialtribune.com