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Finance Minister: Iraq is seeking to classify the financial sovereign and is preparing to issue bonds worth five billion dollars
30/4/2015
Finance Minister: Iraq is seeking to classify the financial sovereign and is preparing to issue bonds worth five billion dollars
Baghdad / follow-up Baghdadiya News / .. detect and Finance Minister Hoshyar Zebari, on Thursday, said that Iraq was seeking sovereign rating and continue with the credit rating agencies are preparing to issue huge bonds worth five billion dollars to cover the budget deficit caused by low oil prices.
Zebari told Reuters seen by / Baghdadi News /, "We started the process in issuing bonds. Banks also seeks to help us in this direction."
Iraq has announced that it will issue bonds worth five billion dollars in the first issued in the international bond market nine years ago.
And obtain a sovereign rating from a major credit agency which Iraq currently lacks him may help persuade the international fund managers and international banks in underwriting bonds.
Zebari said that Iraq is seeking to connect with two or three credit rating agencies, but he did not name.
Iraq and discuss the plan with the issuance of bonds (Citibank) and (Deutsche Bank).
The process of obtaining the credit rating may be sensitive for Iraq as it will be forced to open its books to these institutions and reveals unveil new information on public finances. Zebari did not disclose the date on which it is expected to complete the process.
In response to whether the number five billion to be very ambitious, Zebari said, "We have a commitment in the budget to issue six billion. Thus this is the minimum this is our plan to cover the deficit. But there is no way to be issued in a single chip." Ended 21 h
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30/4/2015
Finance Minister: Iraq is seeking to classify the financial sovereign and is preparing to issue bonds worth five billion dollars
Baghdad / follow-up Baghdadiya News / .. detect and Finance Minister Hoshyar Zebari, on Thursday, said that Iraq was seeking sovereign rating and continue with the credit rating agencies are preparing to issue huge bonds worth five billion dollars to cover the budget deficit caused by low oil prices.
Zebari told Reuters seen by / Baghdadi News /, "We started the process in issuing bonds. Banks also seeks to help us in this direction."
Iraq has announced that it will issue bonds worth five billion dollars in the first issued in the international bond market nine years ago.
And obtain a sovereign rating from a major credit agency which Iraq currently lacks him may help persuade the international fund managers and international banks in underwriting bonds.
Zebari said that Iraq is seeking to connect with two or three credit rating agencies, but he did not name.
Iraq and discuss the plan with the issuance of bonds (Citibank) and (Deutsche Bank).
The process of obtaining the credit rating may be sensitive for Iraq as it will be forced to open its books to these institutions and reveals unveil new information on public finances. Zebari did not disclose the date on which it is expected to complete the process.
In response to whether the number five billion to be very ambitious, Zebari said, "We have a commitment in the budget to issue six billion. Thus this is the minimum this is our plan to cover the deficit. But there is no way to be issued in a single chip." Ended 21 h
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