The Central Bank of Iran will launch a new standard gold-coin parallel forward
bond on Sept. 9, a three-month instrument aimed at expanding financial tools,
opening gold-market investment channels and managing liquidity. Investors buy
coins at the issuance-day market-discovery price and receive the coin's value at
maturity under published terms. The bond includes a maturity sell option
permitting sale at 107% of the issuance-day discovery price, guaranteeing at
least a 7% return versus the issuance benchmark.