Iraq issued foreign bonds worth one billion dollars
Iraq issued foreign bonds worth one billion dollars
01/22/2017 15:39
[Where – Baghdad]
issued the Iraqi Ministry of Finance, foreign government bonds guaranteed by the US government in the amount of one billion dollars.
According to a ministry statement received by all of Iraq [where] a copy of the “Ministry of Finance has made great efforts during the month of December and the beginning of this month to issue these bonds by meeting all the requirements crisis for the completion of this process , which had been successful in the end.”
“The duration of the bond is five years and an interest rate of 2.1% per annum, and will be the outcome of this bond used to finance the budget deficit , based on the General Budget Act , which authorized the Minister of Finance to issue those bonds.”
He said the “foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries , the issue is guaranteed by the United States government bonds.”
alliraqnews.com
