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".
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|
|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|
|Agent of payment:||Central Securities Depository of IRAN (CSDI)|