Pasargad Energy Development Co. Sukuk Profile
Originator: | Pasargad Energy Development Co. |
Issue Date: | May 23, 2021 |
Type of asset: | Offshore drilling rig |
Issue Size: | 13,500,000 Million IRR |
Exchange: | Iran Fara Bourse |
Structure: | Ijarah |
Tenor: | 4 years |
Payment Periods: | Every 12 months from start date |
Face value of each paper: | 1,000,000 IRR |
Sukuk rate: | 18% annually |
Issuer (SPV): | Mehr II Co. |
Sale agent: | Pasargad Bank Brokerage Co. |
Guarantor: | Pasargad Bank |
Agent of payment: | Central Securities Depository of IRAN (CSDI) |