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A Ceremony to Launch New Mortgaged-Back Securities (MBS)

On 3rd July 2016, the unveiling ceremony of the new mortgaged-back securities (MBS) was held where the Minister of Economy, Dr. Tayyebnia, the Minister of Roads and Urban Development, Dr. Akhondi, the Governor of the Central Bank of Iran, Dr. Seif, the CEO of Bank Maskan (housing bank), Dr. Botshekan, the Chairman of Securities and Exchange Organization (SEO), Dr. Fetanat and other top officials of the capital market attended.

At the beginning of the ceremony, Dr. Fetanat noted issuance process of the MBS. He stated, that it is the first time that the banking system and capital market have come together to do financing.

The Minister of Economy, Dr. Tayyebnia, said that the MBS can be properly used to finance the government, private and public companies and also the banking system.

Following the session, the Minister of Roads and Urban Development announced that this way is to stimulate industries which have the potential impact on the capital market, and increase the liquidity of banks and facilities.

At the end, Dr. Fetanat announced that all banks can be ready to issue the MBSs with 18.5% attractive rate.