ابوترابی

With the permission of the Securities and Exchange Organization, the Murabaha sukuk of Iran Khodro Company (Public Joint Stock Company) in the amount of 10 thousand billion Rials through the Tehran Stock market will be offered from Saturday, April 14 to Monday, April 16, 1400 in the symbols "Sakhud 041" and "Sakhoud 401".

Tehran, April. 04 (SENA)-Gholamreza Abu Torabi, announcing to the Securities  and Exchange News Agency (Sena), added: Iran Khodro's Murabaha sukuk worth 10,000 billion Rials will be offered through the Tehran Stock Market to purchase raw materials and car parts.

The CEO of the Central Asset Management Company of the Capital Market stated: These bonds are for 4 years and at a rate of 18%, the installments of which are paid once every three months.

He explained about the pillars of the issuance of these bonds: Sepah Bank is the guarantor of these bonds and its underwriting and marketing is the responsibility of the companies providing the capital of civilization and hope each in the amount of 5 thousand billion Rials. Export Development Bank Brokerage Company is the sales agent, Shahrivar I Financial Intermediary Company is the issuer and Central Securities Depository and Settlement Funds are the payment agents for these securities.

Abu Turabi stated: In these bonds, the financial intermediary company of Shahrivar I (issuer) on behalf of the buyers of bonds, with the resources obtained from the issuance of Murabaha sukuk, will buy the required raw materials (auto parts) of Iran Khodro Company (Bani) in cash. And then it will sell these raw materials to the sponsor in installments, and the sponsor undertakes to pay the relevant installments to the bondholders at quarterly maturities through the issuer and the Central Securities Depository and Settlement Company.

According to him, Iran Khodro Company has twice before financed a total of 10 thousand billion Rials through the issuance of Murabaha and mortgage sukuk in the capital market, both of which are in the transaction.

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