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  • Wednesday, 25 December 2019 14:43

Kerman Motor Co. Sukuk Profile

Originator: Kerman Motor Co.
Issue Date: february 19, 2019
Type of asset: mortgage receivables
Issue Size: 2,000,000 Million IRR
Exchange: Iran Fara Bourse
Structure: Mortgage
Tenor: 3 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 16% annually
Issuer (SPV): Aban II
Sale agent: Karamad Brokerage Co.
Guarantor: Pasargad Bank
Agent of payment: Central Securities Depository of IRAN (CSDI)
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