Iraq sells bonds worth one billion dollars

by **Ponee** Sun Jan 22, 2017 8:55 am

Reuters Thaier Al-Sudani

Iraq announced on Sunday January 22, selling bonds guaranteed by the United States-billion-dollar interest rate of 2.1% per annum.

A statement by the Ministry of Finance, the ministry has made great efforts during the December / December and the beginning of this month for the issuance of these bonds by meeting all necessary steps to complete this process, which was a success in the end demands, adding that the duration of the bond is five years, to be used bond proceeds to finance the budget deficit, based on the General budget Act, which authorized the Minister of Finance issuance of those bonds.

And it suffer approved the Government of Iraq, depending almost entirely on oil revenues to fund their spending since the decline in crude oil prices in 2014, especially after the takeover of Sunni Islamist al Daesh outlawed in Russia on the vast territory of the country, and liver of the government billions of dollars.

01.22.2017

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by **Ponee** Sun Jan 22, 2017 9:00 am

Iraq sells bonds worth one billion dollars Story_img_58848c23cbe26

The Ministry of Finance and 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."

01.22.2017

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Iraq sells bonds worth one billion dollars

Iraq sells bonds worth one billion dollars

Financial issue foreign bonds worth one billion dollars