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Post by roxy22222222 on Mon Aug 07, 2017 5:39 pm

Article:  "Saleh: Iraq's sovereign bond issue {Euphrates}"  Quote:  "He pointed out that the important thing in this issue is the confidence of investors in the Iraqi economy..."  I do not know a lot about bonds, but this seems to me to be great for Iraq.  It will kick start many stalled projects, as well as send a signal that foreign investment investors are ready to participate in Iraq.  No time to waste
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Post by Scotchie on Mon Aug 07, 2017 7:43 pm

Iraq is desperate for funds.

Good interest rate, and they are backed, so no possibility of default.

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Post by Muskie on Tue Aug 08, 2017 8:14 pm

The bonds are not backed by the USA.  This is the first time in over 10 years Iraq has offered a bond and had success without any outside help.


Iraq gets vote of confidence from IMF, bond markets

After ratifying an amended 2017 budget, Iraq passed a crucial IMF review and raised $1 billion in its first unsecured bond offering since 2006.

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Iraqi Prime Minister Haider al-Abadi speaking at the World Economic Forum annual meeting on Jan. 23, 2015 in Davos. (FABRICE COFFRINI/AFP/Getty Images)

By Ben Van Heuvelen and Ben Lando of Iraq Oil Report

Published Monday, August 7th, 2017

The Iraqi government has cleared two significant hurdles in its urgent quest to attract investment capital, on the heels of Parliament's recent passage of an amended 2017 budget law.

Iraq has successfully marketed a $1 billion unsecured bond, and the International Monetary Fund (IMF) announced that it approved Iraq to receive an $825 million loan disbursement as part of a three-year program – flows of financing that could help establish an encouraging precedent for international investors.


http://www.iraqoilreport.com/news/iraq-gets-vote-confidence-imf-bond-markets-24590/
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