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  • Tuesday, 29 December 2020 08:47

SAIPA Automaker Company Sukuk Profile

Originator: SAIPA Automaker Company
Issue Date: November 11, 2020
Type of asset: materials and equipments
Issue Size: 8,000,000 Million IRR
Exchange: Tehran Stock Exchange
Structure: Murabaha
Tenor: 4 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 18% annually
Issuer (SPV): Shahrivar II Co.
Sale agent: Sepah bank Brokerage Co. and Parsian Bank Vroherage Co.
Guarantor: Sepah Bank
Agent of payment: Central Securities Depository of IRAN (CSDI)
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