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The largest auto maker of the country, Iran Khodro, is issuing an IRR 7,000 billion Sukuk on Tehran Stock Exchange.
The listed car manufacturer of Tehran Stock Exchange started issuing IRR 7,000 billion Murabeha Sukuk on Saturday 24 February 2018. The underwriting process will be for 5 days in the Exchange, and subsequently, the securities will be traded in the secondary market.
The issued Sukuk’s maturity is 4 years and the rate of return is 18% annually, payable quarterly.
