Lease subject to acquisition by issuing share-based lease papers – Tejaratnews
According to Tejarat News, Majid Pireh, the secretary of the specialized jurisprudential committee of the Securities and Exchange Organization regarding the nature of share-based rental bonds, stated: One of the important methods that companies can now use for financing is the issue of share-based bonds. is, in the mechanism of lease papers, a certain asset of the company’s property is sold and then its benefits are given to the company in the form of a lease agreement under the condition of acquisition.
He added: From a jurisprudential point of view, in the lease contract, the thing that is transferred is the interests of certain assets, in the lease documents, the bond holders are the owners of the principal assets subject to the issuance of the lease bonds, and the company that provides financing from the issuance of the lease bonds is the owner of the asset interest. which pays specific amounts to the bondholders at a certain time in exchange for the use of property interests.
The process of issuing equity-based leases
The Secretary of the Expert Jurisprudence Committee of the Securities and Exchange Organization continued regarding the process of issuing share-based rental bonds and said: Certain shares of the property of the shareholder are sold to the bondholders, and they transfer the benefits of the shares to the founder in the form of a lease agreement, and the subject share A rental agreement is placed.
Pire added: According to the approval of the specialized committee of shareholding jurisprudence, the issue of lease bonds can be considered if the predominance of rentable assets over non-rentable assets in the total assets of the company is determined. For this purpose, the jurisprudence committee discussed the attribution based on the latest audited financial statements of the company. He has placed the discussion of rentable and non-rentable properties on his agenda.
He further emphasized: If a company can prove the difference in the value of the leasable property compared to what is listed in the financial statement by using the revaluation mechanisms or announcing the opinion of the official judicial expert or insurance expert’s report, for the release of lease papers. Based on shares, we measure the updated value.
In the end, the secretary of the specialized jurisprudential committee of the Securities and Exchange Organization said: companies that own shares can finance from their shares, in principle, it can be said that lease bonds based on shares have provided a new capacity for financing companies. This issue is of great importance due to the discussion of the development of financing mechanisms through the capital market.
Source: Senate