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  • Wednesday, 25 December 2019 14:07

SAIPA Automaker Company Sukuk Profile

Originator: SAIPA Automaker Company
Issue Date: May 24, 2017
Type of asset: Vehicle body production and color lines
Issue Size: 3,500,000 Million IRR
Exchange: .
Structure: Ijarah
Tenor: 4 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 18% annually
Issuer (SPV): Aban III Co.
Sale agent: .
Guarantor: .
Agent of payment: Central Securities Depository of IRAN (CSDI)
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