Iran Gov’t to Sell $360m Sukuk Bonds

The Ministry of Economy plans to sell Manfa’at Sukuk bonds worth 47 trillion rials ($361 million) on January 25 as part of financial measures to compensate budgetary needs in current fiscal year that ends in March.   
Manfa’at bonds will mature in 42 months and annual interest rate is 17.9%.  Interest will be paid every six months by the Central Securities Depository of Iran, the capital market’s clearing house.