{"id":4726,"date":"2018-03-06T07:47:09","date_gmt":"2018-03-06T07:47:09","guid":{"rendered":"http:\/\/en.azpar.com\/?p=4726"},"modified":"2018-03-08T07:57:47","modified_gmt":"2018-03-08T07:57:47","slug":"state-backed-sukuk-intifaa-offers-on-iran-fara-bourse","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=4726","title":{"rendered":"State-backed Sukuk Intifa\u2019a offers on Iran Fara Bourse!"},"content":{"rendered":"

Market News<\/strong><\/h2>\n

\u2013 Today, IRR 30,000 bn (cUSD 670.39 mn) worth of\u00a0Sukuk\u00a0Intifa\u2019a offered to the public on\u00a0Iran Fara Bourse. These securities have a nominal yield of 20% with semi-annual coupon payments and will be matured in 48 months. \u201cSF1Q1\u201d is to finance the administration for the repayment (principal and interest) of previously issued securities in 2017\/18 with regards to the\u00a0Budget Bill.<\/span><\/p>\n

\u2013 Continuing the\u00a0privatization process of Iranian state-owned companies, today the shares of\u00a0Isfahan Steel Co. and Iran Aluminum Co. has been offered to the public. 19.53% of \u201cALIR1\u201d at IRR 2,000 and 16.67% of \u201cZOBZ1\u201d at IRR 750 a piece divested by\u00a0Iran Privatization Organization\u00a0on\u00a0Tehran Stock Exchange\u00a0and\u00a0Iran Fara Bourse\u00a0Respectively.<\/p>\n

\u2013 The governor of the\u00a0Central Bank of Iran\u00a0announced that\u00a0banking relations between Iranian banks and their foreign counterparts\u00a0after the JCPOA was hit has reached to a significant level, despite the restrictions posed by the US administration. In another note, he also stressed that although higher levels of cooperation and correspondent relations is required to implement the\u00a0forex unification\u00a0plan, they are still determined to do so irrespective of the recent fluctuations in this market and are planning to reduce the number of goods eligible to get currency at official rates to tackle the dual forex regime more efficiently and quickly.<\/p>\n

In the Market<\/strong><\/h2>\n

Equities continued the week with a considerable failure on today\u2019s session, losing more on their depressing recent performance The TEDPIX (-0.20) led the red rally while the IFEX (-0.07%) stood near its flat line.<\/p>\n

Early in the session, a few symbols like Iran Tractor Casting and Iran Radiator in the\u00a0Automotive<\/strong>\u00a0group were highly demanded while the rest went through heavy sales pressure; however, the said names could not hold their gains through the closing bell. Iran Khodro plans to send 300 Peugeot 405 to Iraq by the end of the current Persian calendar year, despite the imposition of tariffs on car import by the Iraqi government; talks are underway to reduce them, though.<\/p>\n

The drop in global zinc prices affected zinc-based companies like Calcimine, in the\u00a0Metals<\/strong>\u00a0space, dragging it to -4% early in the session. Zangan Zinc Industries and Iran Lead and Zinc also lost more than 4%. 19.53% of Iran Aluminum, equal to 1,015,536,387 shares, were divested by the Privatization Company to Steel Employee Pension Fund with each share priced at IRR 2,000.<\/p>\n

The\u00a0Iron Ore<\/strong>\u00a0space also witnessed decline with Bafq Mined and Bama closing with sell queues.<\/p>\n

A rather balanced trade dominated the\u00a0Oil Products<\/strong>\u00a0group with the global oil prices dropping; Lavan Oil Refining ticker returned to the market at IRR 14,189 going up more than 1%.<\/p>\n

\"Iran<\/a><\/p>\n

\"Iran<\/a><\/p>\n

\"Iran<\/a><\/p>\n

\"Iran<\/a><\/p>\n

Source:<\/p>\n

2018, State-backed Sukuk Intifa\u2019a offers on Iran Fara Bourse!, Tursday, March 6, p.1,<https:\/\/agahgroup.com<\/a><\/em>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 Today, IRR 30,000 bn (cUSD 670.39 mn) worth of\u00a0Sukuk\u00a0Intifa\u2019a offered to the public on\u00a0Iran Fara Bourse. These securities have a nominal yield of 20% with semi-annual coupon payments and will be matured in 48 months. \u201cSF1Q1\u201d is to finance the administration for the repayment (principal and interest) of previously issued securities in […]<\/p>\n","protected":false},"author":1,"featured_media":4729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-4726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-news-events","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4726"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4726\/revisions"}],"predecessor-version":[{"id":4730,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4726\/revisions\/4730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/4729"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}