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  • Wednesday, 23 June 2021 09:47

Kish Investment and Development Co. Sukuk Profile

Originator: Kish Investment and Development Co.
Issue Date: May 31, 2021
Type of asset: 123 sales contracts
Issue Size: 1,000,000 Million IRR
Exchange: Iran Fara Bourse
Structure: ABS
Tenor: 2.8 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 18% annually
Issuer (SPV): Qordad III Co.
Sale agent: Mellat Bank Brokerage Co.
Guarantor: Mellat Bank
Agent of payment: Central Securities Depository of IRAN (CSDI)
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