Convertible Currency Partnership Bonds

In recent years, as one of the most important efforts made in order for the partnership bonds to get more diversified and competent, they have focusedon making these bonds equipped with a set of the other financial tool's features. This issue is the present article's subject matter. Given the partnership bond's role in financing the investment projects in Iran, increasing these bond's capabilities and diversity can even increase the amount of financial resources in hand for being invested. In this connection, our question here is that whether one can equip the partnership bonds with a set of stock market's features and, meanwhile, cover the risk of exchange rate fluctuations. In response, we have introduced "convertible currency partnership bonds". These bonds not only give the holders the benefits of stocks and participation bonds, but also keep their assets secure against the risk of exchange rate fluctuations. The method used here is a descriptiveanalytical one.