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Iran Poultry Industry to Receive Finance Through IME

24 July 2017

IRAN - Last week (19 July), the first standard parallel SALAM contract for frozen chicken was issued by IME to provide financing for the poultry industry.

According to the report by the IME’s International Affairs and PR, today, the standard parallel SALAM contracts for 12,740 MT of frozen chicken equal to 137,080 contracts, each 20 Kg, were offered by Behparvar Aria Industrial Food on IME and all contracts were traded at the base price of 1,459,000 rials.

Mehr News Agency reports that the first standard parallel SALAM contract for frozen chicken was welcomed by customers and by trading 137,080 contracts. 200 billion rials financing was provided for the poultry industry through IME.

The standard parallel SALAM contract for frozen chicken is the first SALAM contracts issued by the poultry industry on IME which has been published by Behparvar Aria Industrial Food, and the listing advisor and the underwriter of these securities is the Omid Investment Bank, and this offering is made by the Pishgaman Behparvar Brokerage Firm and through IME.

The securities are held in the customer's name and are tax-exempt and have a 21 per cent rate of return, and a 20 per cent market rate, with a maturity of one year and the physical delivery date is a maximum of one month after the maturity date.

ThePoultrySite News Desk

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