82244
IKCO to Issue Securities Worth $153 Million
Economy, Business And Markets
Wednesday, February 21, 2018

IKCO to Issue Securities Worth $153 Million

Iran’s largest auto producer Iran Khodro plans to issue 7 trillion rials ($153 million) worth of Murabaha debt securities on Tehran Stock Exchange’s bond market next Saturday for five trading days.
This is the largest volume of Islamic bonds the Iranian capital market has seen issued by one entity, the Persian daily Donya-e-Eqtesad reported.
"The four-year bonds will bear 18% interest and IKCO will use the money to purchase parts and raw materials required for its auto production," Mahsa Radfar, the head of Securities and Exchange Organization’s debt security issuance, said.

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.

Short URL : https://goo.gl/exJNGM
02/21/2018
  1. https://goo.gl/vjB5wi
  • https://goo.gl/q4sr1K
  • https://goo.gl/h483W2
  • https://goo.gl/8etwZs
  • https://goo.gl/8FzEBs

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Trending

Googleplus