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".
SAIPA Automaker Co. Sukuk Profile
|Originator:||SAIPA Automaker Co.|
|Issue Date:||November 15, 2016|
|Type of asset:||materials and equipments|
|Issue Size:||5,000,000,000,000 IRR|
|Exchange:||Tehran Stock & Exchange|
|Payment Periods:||Every three months from start date|
|Face value of each paper:||1,000,000 IRR|
|Sukuk rate:||18% annually|
|Issuer (SPV):||Mehr II|
|Sale agent:||Sepehr Bastan and Sepah Bank Brokerages|
|Guarantor:||Refah, Dey and TT Banks|
|Agent of payment:||Central Securities Depository of IRAN (CSDI)|