Issuance of two thousand five hundred billion tomans of participation bonds in the industry and mining sector

Issuance of two thousand five hundred billion tomans of participation bonds in the industry and mining sector
  • 2020-07-06
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Director General of the Investment and Financing Office of the Ministry of Industry, Mines and Trade: Since the beginning of this year, about two thousand and five hundred billion tomans of bonds have been issued through the industry and mining sector.

According to the International Stone Exhibition of Iran, Nematollah Shahbazi added: "This ministry has four main orientations this year, namely production jump, completion of semi-finished projects, export development and import control, and market management and regulation."

He continued by stating that in this regard, seven axes have been defined in the form of forty projects and programs: the provision of financial resources and investment development including four programs is one of these seven axes.

The director general of the Ministry of Industry's Investment and Financing Office said: "Four hundred and twenty-five thousand billion tomans have been needed by the industry and mining sector last year, of which three hundred and twenty thousand billion tomans have been paid in the form of facilities through the banking network." This requirement and payment do not match.

The need for five hundred and seventy-five thousand billion tomans in the industry and mining sector

He went on to say that the forecast for the needs of the industry and mining sector for this year is about five hundred and seventy-five thousand billion tomans. to be payed.

Shahbazi emphasized: "Even in this case, we are facing a 28% deficit, and the need to use new banking methods to compensate for this deficit is urgent."

He said that the share of industry and mining in banking facilities should be increased, adding: "Of course, the downward trend of this share stopped last year and this share reached thirty-two percent."

Offering six hundred firms on the stock exchange

He added: "Supply in the stock market is one of the good methods of financing for companies, which in addition to financing, this method will also strengthen the financial strength of companies."

The Director General of Investment and Financing of the Ministry of Industry, referring to the existence of 3,700 enterprises with 100 employees in the country, said: "Of these, 600 companies presented themselves on the stock exchange."

Shahbazi said that after accepting a company in the stock exchange, the tax affairs organization will not be exposed to the accounts of their years, adding: "This is one of the main challenges for companies to enter the stock market, which was approved by the Supreme Leader of the Revolution." Businesses that are admitted to the capital market this year have had their tax problems resolved.

Announcing the readiness of more than three hundred and seventy companies to enter the capital market

He added that this year we want to bring 100 companies into the stock market or issue bonds to finance them, adding that more than 370 companies with more than 100 people have announced their readiness to be listed on the stock exchange or use financing methods.

"We are not looking to invent new methods," said the director general of investment and financing at the Ministry of Industry.

Shahbazi pointed out: In the over-the-counter market, it is possible to issue debt bonds, stock offerings, mergers and acquisitions, and in the commodity exchange, financing is done through a certificate of commodity deposit, commodity deposit fund and issuance of various securities. Supply Chain (SCF).

* IRNA