Tamin Sarmaye Omid to Recognize 1,440,000 Million Rials From Bojnourd Municipal Bond Deal

Tamin Sarmaye Omid disclosed in a Group B material filing on Codal that it has taken on the underwriting commitment (under article 1, clause 29 of the Securities Market Law) and market making role for Bojnourd Municipality's participation bonds, issued to finance the "urban infrastructure" project. Bank Sepah is acting as issuance agent and guarantor, with an annual provisional interest rate of 23 percent paid quarterly over a four year term. The bonds were subscribed on Sunday, September 20, 2026 (29 Shahrivar 1405). Per the disclosure, published on Codal the same day, Tamin Sarmaye Omid's combined income from underwriting and market making on the bonds is estimated at 1,440,000 million rials (about 144 billion tomans), made up of 50,000 million rials in underwriting fees and 1,390,000 million rials in market making income, to be recognized over the next four years.