Finance launches the second issuance of reconstruction bonds worth one trillion dinars
Finance launches the second issuance of reconstruction bonds worth one trillion dinars
11-28-2023
Information/Baghdad…
The Ministry of Finance announced, today, Tuesday, the launch of the second issuance of reconstruction bonds worth more than one trillion dinars.
The Ministry stated in a statement received by the “Information” Agency, “Given the strong demand for trading national bonds (construction bonds) and the complete subscription of the first issue amount, the Ministry, represented by the Public Debt Department and in cooperation with the Central Bank of Iraq, intends to make the second issue of reconstruction bonds available at a value of 1.5 (one trillion Iraqi dinars) and with the same mechanism previous to the first issue.
She added, “This measure comes in implementation of the paragraphs of the government program related to enhancing the development and investment aspects represented by the reconstruction and construction movement that our dear country is witnessing, in addition to developing financial and monetary policies and providing opportunities for citizens to contribute to the overall economic activity through investment in bonds,” noting that “these bonds are issued with a guarantee.” The Ministry of Finance, and it is possible to purchase the bond by submitting an application to one of the official banks approved and registered with the Central Bank.”
The Ministry called on “investors and citizens to take advantage of the offer and take the initiative to benefit from this investment opportunity,” noting that “the size of this issuance will be limited.”
She continued, “The second issuance of bonds worth one and a half trillion dinars is negotiable in the Iraq Stock Exchange, and is available in two denominations: – The first at a price of
(500,000) five hundred thousand dinars, with an annual interest of 6% for two years.
– The second at a price of 1,000,000 one million dinars.” At an annual interest rate of 8% for four years.
She pointed out that “purchasing and trading of the bonds offered are exempt from taxes, according to what is stated in the General Federal Budget Law No. 13 of 2023.”
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