Salam Sukuk of Khuzestan Cement Company is published

Round Table
Round Table: Financial sector solutions for Europe – Iran trade and investment
March 17, 2018

Salam Sukuk of Khuzestan Cement Company is published

IRNA states that increasing importance of the capital market in order to finance economic projects make
business enterprises to issue various types of Islamic bonds (so-called Sukuk).

“Salam Sukuk of Khuzestan Cement Company is being offered on the commodity exchange by Amin Investment Bank as the underwriter and market maker as well,” stated Hossein Saeedi, director of corporate financing at Amin Investment Bank.
Saeedi continued, “The total volume of this salam Sukuk is 50 billion Tomans with interest rate of 18.5%-19% at the one-year maturity and the market making rate will be 17.5% which calculated on a daily basis.

Leave a Reply

Your email address will not be published. Required fields are marked *