BONDLADY HIGHLIGHTS-Iraq is entering the global financial markets with great success -8-14-2017

by cg123 Mon Aug 14, 2017 9:55 am

BLC News Highlights & Comments

Tlm724: Iraq is entering the global financial markets with great success

Expert for {morning}: prime economic minister plans paid off

13/8/2017 12:47 AM Baghdad / follow Farah pumice announced the Iraqi Trade Bank of the success of his participation as a manager issue in the process of global international Iraq bonds put forward for the first time, at a time when financial expert confirmed that Dr. Haider Abadi , the prime minister 's plans succeeded and paid off .

The government issued 1 billion dollars worth of bonds on the world market for five and a half years at a 100 percent issuance rate and a yield of 6.75 percent.
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Citibank, JPMorgan and Deutsche Bank were co-directors of the bond issue, while the Iraqi Trade Bank was co-director.

The bond is rated B-Stable by global rating agencies Fitch and S & P. Bonds are also expected to fall into the Irish stock market.

The government, along with the banks that manage the bond issue, has organized a wide range of offerings in London, Boston and New York, as they received a very positive interest from investors from global investment funds.