{"id":5274,"date":"2018-05-15T04:49:17","date_gmt":"2018-05-15T04:49:17","guid":{"rendered":"http:\/\/en.azpar.com\/?p=5274"},"modified":"2018-05-16T04:54:14","modified_gmt":"2018-05-16T04:54:14","slug":"new-piece-of-corporate-sukuk-on-iran-fara-bourse","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=5274","title":{"rendered":"New Piece of corporate Sukuk on Iran Fara Bourse!"},"content":{"rendered":"

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

\u2013 Today a new piece of\u00a0corporate Sukuk\u00a0is to going to be underwritten on\u00a0Iran Fara Bourse. The new Ijarah\u00a0Sukuk securities\u00a0will be issued by Saba Naft construction and engineering Co and have a nominal yield of 15%. With a maturity of 48 months and coupon frequency of 3 times per year (quarterly), SN1Q1 securities worth IRR 920 bn (cUSD 21.9 mn).<\/span><\/p>\n

\u2013\u00a0Following the ratification of an amendment to the current Anti-Money Laundering bill\u00a0in the previous week, parliament members are now focused on updating the legislation in order to fulfil the requirements set by the\u00a0FATF. Among what was discussed and agreed upon over this course are the establishment of Financial Intelligence Center at the Ministry of Economic Affairs and Finance to combat money laundering and financing terrorism, although the dispute over a unanimously agreed-upon definition of terrorism postponed the final ratification of the bill.<\/p>\n

\u2013 With 2 years of talks and negotiations, the joint venture was formed between Saipa and Citroen companies, which resulted in the manufacturing of their new product, C3, which will be soon offered into the market. After concerned raised by the US pulling out from the JCPoA, an official in Saipa-Citroen Company announced that their top priority is to keep business with Iran and are moving as their previously made plans until the EU announces its official approach towards this matter, stressing on the strong communication with their Iranian counterpart.<\/p>\n

\u2013 Following the Central Bank of Iran putting the\u00a0inflation rate\u00a0of Farvardin month (March-April) at 9.2%, the Statistical Center of Iran reported the inflation rate over this period at 8.1%.<\/p>\n

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

The stock market began the day on a strong higher note and kept the pace throughout the session end. The TEDPIX added 0.21% while the IFEX (Iran Fara Bourse index) outperformed, rising 0.29%.<\/p>\n

The majority of names in the\u00a0Chemicals<\/strong>\u00a0group shed their prices; despite facing a buy queue just the other day, Fars Chemical Industries hit its bottom. However, petrochemical names like Kermanshah and Khorasan Petrochemical companies went through positive trades. Zagros Petrochemical distributed IRR 7400 dividend among its shareholders; the company is planning to build a special utility as well as purchasing a ship with the capacity to carry half of its sales amount.<\/p>\n

A considerable sales pressure was seen among the\u00a0Construction<\/strong>\u00a0space, unlike its recent positive activities. On the other hand, half names in the Cement group hit their highs, including Hegmatan Cement, Tehran Cement and Fars va Khuzestan Cement.<\/p>\n

The entire\u00a0Sugar<\/strong>\u00a0space ended above their flat lines, some with buy queues, but Shirin Sabet Khorasan Sugar; the upcoming Ramadan month has attracted attention to this sector.<\/p>\n

Most tickers in the\u00a0Metals<\/strong>\u00a0industry finished in the green, led by Esfahan Steel; an official in this company announced the delivery of their produced rails to the Railway Company of Iran. Having elected its board members in its extraordinary general meeting, Iran Manganese Mines returned to the market 1% higher at IRR 8,200. The\u00a0Iron Ore<\/strong>\u00a0group was traded in a balanced manner as well.<\/p>\n

The\u00a0Automotive<\/strong>\u00a0industry managed to keep the positive sentiment started since the beginning of the week to a great extent; as was said in our previous daily report, this seems mostly as the result of speculations.<\/p>\n

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

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

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

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

Source:<\/p>\n

2018, New Piece of corporate Sukuk on Iran Fara Bourse!, Tuesday,May 15, p.1,<https:\/\/agahgroup.com<\/a><\/em>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 Today a new piece of\u00a0corporate Sukuk\u00a0is to going to be underwritten on\u00a0Iran Fara Bourse. The new Ijarah\u00a0Sukuk securities\u00a0will be issued by Saba Naft construction and engineering Co and have a nominal yield of 15%. With a maturity of 48 months and coupon frequency of 3 times per year (quarterly), SN1Q1 securities worth […]<\/p>\n","protected":false},"author":1,"featured_media":5278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-5274","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\/5274","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=5274"}],"version-history":[{"count":4,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5274\/revisions"}],"predecessor-version":[{"id":5279,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5274\/revisions\/5279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/5278"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}