$86m Manfa’at Bonds to Help Finance Oil Projects

Manfa’at Sukuk worth 10 trillion rials ($86 million) were sold Monday in Iran Fara Bourse (junior stock market for securities and other financial instruments in Tehran) to help finance oil projects.  
According to the Security and Exchange News Agency, the bonds were sold for the first time via a consortium comprising Tamadon Investment Bank as the leading investment company in charge of asset management and share subscription plus Parsian Lotus, Mellat, Omid, Kardan, Amin, and Noving investment companies.