In all societies, there is some group of owner’s funds and cash savings who don’t have any desire or ability to invest directly in profitable economic activities. On the other hand, many entrepreneurs with knowledge, experience and potential do not have the financial resources required for investment. Money and capital markets with using a variety of financial instruments, play a significant intermediary role between these two groups.

The main goals of Central Asset Management company are establishment and management SPVs, in order to facilitate the implementation of intermediary actions".

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  • Monday, 23 January 2017 07:46

Esfehan's Mobarakeh Steel Co. Sukuk Profile

Originator: Esfehan's Mobarakeh Steel Co.
Issue Date: July 19, 2016
Type of asset: Iron ore
Issue Size: 1,000,000,000,000 IRR
Exchange: Iran Fara Bourse
Structure: Murabaha
Tenor: 2 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 20% annually
Issuer (SPV): Esfand 2 SPV corporation (Central Asset Management Company)
Sale agent: Maskan Bank brokerage
Guarantor: Bank Maskan
Agent of payment: Central Securities Depository of IRAN (CSDI)