PGPIC Secures Approval for Largest Capital Market Financing

PGPIC Secures Approval for Largest Capital Market Financing
(Tuesday, May 13, 2025) 11:18

TEHRAN (NIPNA) – Persian Gulf Petrochemical Industries Company (PGPIC) has received regulatory approval for the issuance of 120 trillion rials ($240 million) in ijara bonds, marking the largest capital market financing in Iran’s history, the company said on Monday.

According to a statement by PGPIC, the issuance will take place in three tranches of 40 trillion rials each, with a 4-year maturity, a fixed annual interest rate of 23%, and quarterly coupon payments. The process was advised by Persian Gulf Investment Bank.

The bonds will be issued through a consortium of investment banks and financial institutions in the near future, the company added.

 


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