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  • Wednesday, 25 December 2019 15:18

SAIPA Automaker Company Sukuk Profile

Originator: SAIPA Automaker Company
Issue Date: June 17, 2019
Type of asset: Automobile parts and assemblies
Issue Size: 4,000,000 Million IRR
Exchange: TSE
Structure: Murabaha
Tenor: 4 years
Payment Periods: Every three months from start date
Face value of each paper: 1,000,000 IRR
Sukuk rate: 16% annually
Issuer (SPV): Dey IV
Sale agent: Bank Melli Iran Brokerage Co.
Guarantor: Bank Melli Iran
Agent of payment: Central Securities Depository of IRAN (CSDI)