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  • Wednesday, 25 December 2019 14:37

Saba Arvand Oil and Gas Development Co. Sukuk Profile

Originator: Saba Arvand Oil and Gas Development Co.
Issue Date: February 2, 2019
Type of asset: revenues from oil sale
Issue Size: 10,000,000 Million IRR
Exchange: Iran Fara Bourse
Structure: Manfaah
Tenor: 3 years
Payment Periods: Every six months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 19% annually
Issuer (SPV): Mehr Co.
Sale agent: Khobregan Saham Brokerage Co.
Guarantor: National Iranian Oil Company and National Iranian Oil Industry Pension Fund
Agent of payment: Central Securities Depository of IRAN (CSDI)