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Iraq launches international version of the bonds
9/9/15
Citigroup, Deutsche Bank, JP Morgan arranging version and will begin meetings with investors in the United Kingdom and the United States.
BAGHDAD / Obelisk: banking sources said that the Iraqi government will begin a campaign Thursday to promote the first international bond issue nine years ago, in an effort to finance the budget deficit because of falling oil prices and the war against Islamic militants to organize the state Daash.
The Reuters news agency quoted informed sources as saying that Baghdad is trying to raise up to six billion dollars in a series of versions of bonds in US dollars, but the first version is expected to be much smaller.
He said Mrtbo issues that Citigroup, Deutsche Bank, JP Morgan arranging version and will begin meetings with investors in the United Kingdom and the United States.
It is expected to contribute to the development of Iraq as the second-largest oil producer in OPEC to reassure the bond buyer, Baghdad is also expected to pay a high price for borrowing as a 10.37 percent return on the Iraqi bonds due in 2028.
Iraq had happened on the seventh of August / August, the first sovereign credit rating, after it gave him Bretton Standard & Poor's and Fitch rating B- a rating below six degrees of investment grade.
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9/9/15
Citigroup, Deutsche Bank, JP Morgan arranging version and will begin meetings with investors in the United Kingdom and the United States.
BAGHDAD / Obelisk: banking sources said that the Iraqi government will begin a campaign Thursday to promote the first international bond issue nine years ago, in an effort to finance the budget deficit because of falling oil prices and the war against Islamic militants to organize the state Daash.
The Reuters news agency quoted informed sources as saying that Baghdad is trying to raise up to six billion dollars in a series of versions of bonds in US dollars, but the first version is expected to be much smaller.
He said Mrtbo issues that Citigroup, Deutsche Bank, JP Morgan arranging version and will begin meetings with investors in the United Kingdom and the United States.
It is expected to contribute to the development of Iraq as the second-largest oil producer in OPEC to reassure the bond buyer, Baghdad is also expected to pay a high price for borrowing as a 10.37 percent return on the Iraqi bonds due in 2028.
Iraq had happened on the seventh of August / August, the first sovereign credit rating, after it gave him Bretton Standard & Poor's and Fitch rating B- a rating below six degrees of investment grade.
[You must be registered and logged in to see this link.]
