Page 23 - bne_newspaper_May_25_2018

Weekly Lists
May 25, 2018 www.intellinews.com I Page 23
bne:TMT Telecommunications
Company of Iran to issue €161mn in Islamic bonds
Russia's Sberbank and Yandex launch first online shop on Yandex. Market platform
The Telecommunications Company of Iran (TCI) has announced that
it underwrote IRR8 trillion (€161mn) of Islamic bonds, or Sukuk, listed on the Tehran Stock Exchange (TSE) on May 20, SENA reported.
Iran’s sole landline provider is hoping to use the windfall from the sale to push ahead with its fibre optic plans, for which it has to date partnered with several foreign companies, including South Africa’s MTN, to finance.
The Sukuk will pay an average 16% interest annually, paid out on a quarterly basis.
Ijarah Sukuk are securities representing the ownership of well- defined assets tied to a lease contract, the rent for which is the return payable to Sukuk holders.
Russia's largest bank Sberbank and internet services major Yandex launched a beta version of online shop Beru (I Take) on the platform of their Yandex.Market e-commerce joint venture.
Sberbank and Yandex finished setting up the $1bn Yandex.Market joint venture, which makes the largest investment in Russia online economy.
"We want to create Russian Amazon on the basis of Yandex.Market, and I very much hope we will succeed," the CEO of the bank Herman Gref is quoted as saying by Vedomosti daily on April 27.
As of the autumn of 2018 Beru will be available to all users, with the product assortment planned to reach over 1mn units in the next few years.
Belarus is among the top ten most cryptocurrency and blockchain projects-friendly countries in Europe, according to a survey pub- lished by BlockShow Europe 2018.
The survey provides cryptocurrency regulations in 48 European countries. Belarus is ranked 10th, partly due to a zero tax policy on cryptocurrencies valid through 2023. Belarus is considered one of the best places for ICO, according to the government agency BELTA.
The survey followed December's decree signed by Belarusian President Alexander Lukashenko that set up the regulation and leg- islative basis of transactions in crypto-currencies. The document is designed to attract digital coin entrepreneurs, who are moving businesses to locations more welcoming to crypto-currencies.
Belarus among the most crypto-friendly states in Europe, survey says