Iraq revives plan to sell bonds two billion dollars
Iraq revives plan to sell bonds two billion dollars
PM: 07: 40: 28/12/2015 Khandan
Khandan – Finance Minister Hoshyar Zebari, Iraq revived a plan to sell bonds two billion dollars in 2016 at a time when the government is working on the face of the danger posed by al “Daash” terrorist. Zebari said in an interview with the agency “Reuters”, that the 2016 draft budget allows the government to sell bonds two billion dollars if lacked sources of financing for the target spending. and was suspended the bond sale plan – the first of its kind offered by the Iraqi government in the international market in about ten years – in October as investors demanded a yield of 11 percent Zebari said he is very high. He added Zebari, the government hopes to conclude a better deal if you decide to resort to the bond market in 2016 with the achievement of the armed forces victories continuous on “Daash” and support the World Bank and the International Monetary Fund of the Centre for government financial support. “It will facilitate the international institutions’ confidence in the country’s bond issue sovereign, I think that the liberalization will enhance our position gray. “and in 2006 Iraq sold bonds worth $ 2.7 billion worth in 2028. Iraq and received a rating of -B agency Fitch Ratings in August.
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