The initial launch of the standard foreware of the Kaveh Steel Standard Steel Bar was successfully completed

According to Mining News Pro -The 832,500 parallel standard self-launching papers of Kaveh steel company, South Kish, with a value of approximately 2 trillion rials, were sold today on the Iranian stock exchange, all of which was sold at 23 times the price of the announced base price to finance this The steel company on the stock exchange is successfully completed.


According to the management of the development of the commodity exchange market, the initial launch of the standard foreword of the standard steel bars of the Kaveh Steel Company of South Kish, in the symbol of "Akaveh", was 832,500, at a price of 2 million and 402 thousand and 400 Rials per contract, Kilogram, through the Brokerage Company of the Export Development Bank, and with the sale of these bonds, the initial supply was successfully completed.

It is worth mentioning that its secondary transactions have begun on September 14, 1997 and will continue for a year until September 13, 1998.

According to the supply announcement, the market value of a second-rate buyer is equal to the base price at the time of the initial offering plus 17% per annum on a day-to-day basis; as well, the yield on maturity is explained in two ways.

If the holders of the bonds exercise their discretion for selling at a price of "118.5% multiplied by the base price in the initial offering," the bonds will have a yield of 18.5% at the end of the year for investors. However, if the Kaveh Steel Company, South Kish, is considering using its purchase option at a price of "119 per cent by the base price in the initial supply," the annual yield of the self-interest bonds will be at a maximum of 19 per cent at maturity.