{"id":5875,"date":"2018-09-18T05:30:27","date_gmt":"2018-09-18T05:30:27","guid":{"rendered":"http:\/\/en.azpar.com\/?p=5875"},"modified":"2018-09-22T05:35:48","modified_gmt":"2018-09-22T05:35:48","slug":"a-new-sukuk-murabaha-on-ifb-this-time-for-a-private-company","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=5875","title":{"rendered":"A new Sukuk Murabaha on IFB; this time for a private company!"},"content":{"rendered":"

Market News<\/h2>\n

\u2013 The Securities and Exchange Organization of Iran has granted its principal consent with regards to the issuance of a new\u00a0corporate Sukuk\u00a0Murabaha\u00a0this time for a privately owned company. Padideh Gharn chemistry co. is to issue these securities with 16% coupon rate, to be paid quarterly, for its raw materials purchases. The issue size is IRR 500 bn (USD 11.94 mn) and will be matured in two years. Mellat bank will act as the guarantor to this securities.\u00a0<\/span><\/p>\n

\u2013 Analyses show that over a period of only 8 months cost of\u00a0maritime transportation for Iran exports\u00a0raised\u00a0greatly. In a given case of Iron concentrate and during September 2018, marine shipments expenses hiked by +26%. Adding this to the global trend of maritime transport costs and it\u2019s downward trajectory, it could be concluded that after JCPoA costs of exports for Iran jumped meteorically and this would go on for a while at least until November 20180 with the second round of sanctions kicking in. Below Images demonstrate the details:<\/p>\n

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\u2013 After an unreasonable hike in\u00a0risk-free rates\u00a0over the past months, now\u00a0Iran Debt Market\u00a0is more on track and rates are back to 20% band once again. The market average risk-free rate hovers around\u00a023% but the\u00a0yield curve is still ascending for far maturities. A possible\u00a0jump in bank deposits rates is the main reason\u00a0behind this trend. The below picture shows details on the latest status of\u00a0Islamic Treasury Bills:<\/p>\n

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In the Market<\/h2>\n

Equities fell on today\u2019s session, with chemical shares leading the retreat, as investors prepared for a good profit save just before the long holidays come, however, the price changes were limited and the market conditions got better throughout the end.\u00a0TEDPIX<\/strong>\u00a0changed a little for\u00a0(-0.47%)<\/strong>\u00a0and stood at\u00a0157,328.66<\/strong>.\u00a0IFEX (+1.16)<\/strong>, on\u00a0the other hand, because of its mega-cap\u00a0petrochemical ended the day in good green.<\/p>\n

Today\u2019s underperformance wan not board based and it got mostly affected\u00a0by the upcoming long holidays. However, the trading value and volume remained near the other days\u2019 range which was a good sign that showing the market will rebind\u00a0on the next trading session.<\/p>\n

Despite their early disappointing trend, tickers of the\u00a0Metals (-1.47%)<\/strong>\u00a0sector got more attention towards the ending bell. Agah analysts believe that after the current baseless advancement of some tiny-cap shares, the industry has a super potential for reaching its potentials. The below table is a comparison of some iron ores and steel producers who have solid fundamentals:<\/p>\n

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Finally, the heavy-weighted\u00a0Chemicals (-2.35%)<\/strong>\u00a0sector was not the lucky one today and except its small-caps components, the rest ended the day in the red.\u00a0Persian Gulf Petrochemical (PKLJ, -2.06%)<\/strong>\u00a0and its sister company,\u00a0Pars Petrochemical (PARS, -2.16%)<\/strong>\u00a0stamped massive negative impacts of \u2013226.75<\/strong>\u00a0and \u2013125.04<\/strong>\u00a0points respectively.<\/p>\n

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Source:<\/em><\/p>\n

2018, A new Sukuk Murabaha on IFB; this time for a private company!, Tuesday, Sep 18, p.1,<https:\/\/agahgroup.com><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 The Securities and Exchange Organization of Iran has granted its principal consent with regards to the issuance of a new\u00a0corporate Sukuk\u00a0Murabaha\u00a0this time for a privately owned company. Padideh Gharn chemistry co. is to issue these securities with 16% coupon rate, to be paid quarterly, for its raw materials purchases. The issue size […]<\/p>\n","protected":false},"author":4,"featured_media":5876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28],"tags":[],"class_list":["post-5875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5875","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5875"}],"version-history":[{"count":4,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5875\/revisions"}],"predecessor-version":[{"id":5880,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5875\/revisions\/5880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/5876"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}