The underwriting of one thousand billion Tomans of “Tadbir” lease bonds began in the OTC market
Bourse Times: Mojtaba Taghipour, CEO of Lotus Parsian, pointed out that the underwriting of lease bonds based on shares of Barakat Pharmaceutical Company by Tadbir Economic Development Group will start today and will continue until Monday, September 29, said: Stock lease bonds are one of the Islamic financing methods. Has been introduced in the capital market in recent years and to date a significant amount of financing has been done through this method. The difference between stock rent sukuk and other sukuks is that in this instrument, “stock” is the basis for issuing securities.
“One Meeting, One Offer” press conference to accept the lease papers of Tadbir Economic Development Group was held this morning in the presence of the company’s managers in the OTC market of Iran.
According to the OTC Communications Management of Iran, Hossein Talakesh, Deputy Planning and Investment Company of Tadbir Economic Development Group, in a press conference held on the occasion of accepting the lease papers of Tadbir Economic Development Group, called this group the economic arm of Imam Khomeini Executive Headquarters and said: The group has been active and investing in various economic fields for more than 15 years.
He pointed out that Tadbir Economic Complex has provided the necessary support to companies that entered the capital market in recent years, adding: “This group is active in 6 areas and has specialized holdings.”
Description of the activity of 6 economic holdings “Tadbir”
Explaining the activities of 6 different holdings of Tadbir Economic Development Group, Talaksh stated: In the field of oil and gas, Tadbir Energy Development Holding, in the field of pharmacy, Barakat Pharmaceutical Group, Construction Holding, IC Holding, Investment Holding and Agricultural Holding are 6 important areas of activity of this group.
According to him, the aim of this group is not only economic activities and profit, and this group also seriously pursues goals such as job creation and deprivation, examples of which are clearly published in Kedal reports, and most investments have been made in deprived areas.
Deputy Planning and Investment Company of Tadbir Economic Development Group Company pointed to the investment of one of the subsidiaries of Tadbir Energy Holding and said: Tadbir Energy Development Group, which will soon enter the capital market in one of its largest subsidiaries named Parsian Sepehr Refinery in the deprived area of Mehr And Lamerd has invested more than $ 1 billion, and the products of this collection bring very high added value as well as good currency for the country.
Emphasizing that the three characteristics of being economic, job creation and deprivation have been implemented in this project, he added: “The view and purpose of the strategy in other projects is the same.”
He pointed to the activities of Tadbir Economic Development Group Pharmaceutical Holding and said: “In the field of medicine, since the beginning of the Corona epidemic, the entire executive staff of Imam Khomeini Command, Tadbir Economic Group and Drug Holding have blessed their determination to produce treatment drugs and vaccines.” Corona was convinced that they also performed very well and successfully.
He called pharmaceutical security the slogan of this pharmaceutical holding and said: “In the field of agriculture, food security is the main priority, at the same time, efforts have been made to have a favorable economic return.” Also in the construction sector, the focus is on the production of affordable housing and we are not just doing business, while in the field of IT, a new mission to enter the field of digital economy has been considered.
Presence of 25 subsidiaries in the capital market
Talakesh further pointed out that Tadbir Economic Development Group has about 25 companies active in the capital market, and said: “Approximately half of the subsidiary companies have entered the capital market, which is a high number.”
Noting that the activity of this group in the capital market has increased a lot in recent years, he said: “This trend has continued and other companies will enter the capital market in the coming months and years, which shows the transparency of the economic development complex.”
Details of stock support
Regarding the support of stocks, he also considered the performance of the group and said: “Regarding the support of stocks in the market, the performance of the collection shows that during the period of market decline, good support was provided to the subsidiary stocks. There have also been tools such as bonds.
He stressed: “In general, the goal is to support stocks to maintain the intrinsic value of the share and to prevent sharp growth or decline so that the company is around intrinsic value.” In this way, shareholders are not harmed and profitable activities are pursued.
Important features of “Tadbir” lease bonds
In the continuation of this ceremony, Mojtaba Taghipour, CEO of Lotus Parsian, pointed out that the acceptance of lease bonds based on shares of Barakat Pharmaceutical Company by Tadbir Economic Development Group will start today and will continue until Monday, September 29, said: Stock lease bonds are one of the financing methods. Islamic finance has been introduced in the capital market in recent years and to date a significant amount of financing has been done through this method. The difference between stock rent sukuk and other sukuks is that in this instrument, “stock” is the basis for issuing securities.
Taghipour added: “At the beginning of this year, in order to support the market and prevent excessive fluctuations, the Exchange Organization made it possible for holdings to use stocks as a basis for issuing bonds and use this financing to market and support stocks.” Accordingly, the Tadbir Group issued bonds in this regard to support the shares under its management.
Explaining the characteristics of the mentioned lease bonds, he said: “These bonds have a nominal rate of 18% and interest payment once every three months, the total amount of one thousand billion tomans and the purpose of supporting the activities of Tadbir Economic Development Group in the capital market and marketing of accepted companies.”
According to the Managing Director of Lotus Parsian, these bonds have been issued with the support of stock certification and do not have a bank guarantor, thus all the work of issuing these bonds has been done within the capital market and without dependence on the money market.
It should be mentioned that Tadbir Economic Development Group Company is the lease market maker of Lotus Parsian Capital Financing Company and its sales agent is Parsian Brokerage Company.
Published by: Samad Yousefi