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  • Tuesday, 29 December 2020 08:19

Bank Maskan Sukuk Profile

Originator: Bank Maskan
Issue Date: July 13, 2020
Type of asset: Mortgage Installments
Issue Size: 10,000,000 Million IRR
Exchange: Iran Fara Bourse
Structure: MBS
Tenor: 2 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 16% annually
Issuer (SPV): Farvardin V Co.
Sale agent: Bank Maskan Brokerage Co.
Guarantor: Bank Maskan
Agent of payment: Central Securities Depository of IRAN (CSDI)