The Central Bank of Iran announced that, in order to expand financial instruments, provide investment opportunities in the gold market, and control liquidity, it will issue its first "Standard Gold Coin Parallel Forward Bond" on September 9th. The bond has a three-month maturity. This means that bondholders will purchase gold coins at the market discovery price at issuance and receive the "gold coin value" upon maturity, according to the published terms. Furthermore, the bond includes a minimum yield guarantee mechanism, allowing holders to sell their bonds at maturity through a put option at a price equivalent to 107% of the discovery price on the issuance date. Notably, in addition to providing gold coin investment opportunities, the bond also incorporates a mechanism to ensure holders receive a minimum return of at least 7% relative to the benchmark price on the issuance date upon maturity.
