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  • Wednesday, 25 December 2019 14:30

Alborzniroo Fleet and Equipment Co. Sukuk Profile

Originator: Alborzniroo Fleet and Equipment Co.
Issue Date: August 5, 2018
Type of asset: locomotive machines
Issue Size: 1,050,000 Million IRR
Exchange: Iran Fara Bourse
Structure: Ijarah
Tenor: 5 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 15% annually
Issuer (SPV): Farvardin I Co.
Sale agent: Maskan Bank Brokerage Co.
Guarantor: The Railways of the Islamic Republic of Iran
Agent of payment: Central Securities Depository of IRAN (CSDI)
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