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  • Wednesday, 23 June 2021 09:45

Pasargad Energy Development Co. Sukuk Profile

Originator: Pasargad Energy Development Co.
Issue Date: May 23, 2021
Type of asset: Offshore drilling rig
Issue Size: 13,500,000 Million IRR
Exchange: Iran Fara Bourse
Structure: Ijarah
Tenor: 4 years
Payment Periods: Every 12 months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 18% annually
Issuer (SPV): Mehr II Co.
Sale agent: Pasargad Bank Brokerage Co.
Guarantor: Pasargad Bank
Agent of payment: Central Securities Depository of IRAN (CSDI)