EghtesadOnline: 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.
EghtesadOnline: The government sold 53 trillion rials ($400 million) worth of Manfa’at Sukuk bonds on Wednesday via Iran Fara Bourse, over-the-counter market for trading securities, to meet budgetary needs.
EghtesadOnline: The government sold Manfa’at Sukuk bonds worth 40 trillion rials ($300 million) on Sunday to meet its budgeting needs for the fiscal year that ends in March.
EghtesadOnline: The Ministry of Economy will issue Islamic financial securities worth 380 trillion rials ($3.3 billion) to partly compensate the budget deficit for the current fiscal year (March 2019-20).
EghtesadOnline: The Securities and Exchange Organization has given the go-ahead to the High Council of Free Zones to issue 3,000 billion rials ($26.2 million) worth of sukuk (Islamic debt securities) to finance development projects in Kish Free Trade Zone, which could rise to 10,000 billion rials ($87.3 million), Secretary of High Council of Free Zones Morteza Bank said.
EghtesadOnline: The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects.
EghtesadOnline: Provisions of Note 5 of next year’s budget give details about Islamic bonds the government intends to issue in the next fiscal year that begins in March 2019.
EghtesadOnline: Head of the Security and Exchange Organization Shapour Mohammadi said Monday the capital market issued 45 trillion rials ($384 billion) worth of bonds since the beginning of the current fiscal in March to help meet the financial needs of companies.
EghtesadOnline: The government has outlined new tasks for state-owned companies, banks and for-profit institutions as part of a directive for the next fiscal (March 2019-20) budget.
EghtesadOnline: The government’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion rials ($70 million) worth of bonds and sukuk for financing Iran Air’s new plane orders.