South Korea ready to sell Iranian bonds on stock market
Tehran, Iran, June 27
By Mehdi Sepahvand – Trend:
The South Korean stock market has expressed readiness to offer Iranian bonds, said Director of Iran Securities and Exchange Organization (SCO) Mohammad Fetanat.
He said South Korea has given precedence to Iran’s governmental Sukuk , IRNA news agency quoted Fetanat as saying June 26.
Sukuk are bonds structured to comply with Islamic law by not paying interest.
The issuance of Sukuk is on the rise, so much so that their value has increased from 39 trillion rials in 2013 to 189 trillion rials now, he said. Each USD is now exchanged for about 30,000 rials in Iran’s official market.