************** Sovereign debt securities acceptable abroad

If I am correct the auction is to take place on the 28 or 29 of March 2015
 

3/25/2015 0:00

Stock market absorbed internally
BAGHDAD - Mustafa al-Hashemi

Supported a competent economic government went to borrow from the inside through the sovereign debt bonds launched by the Ministry of Finance to the public at home and abroad to ease the percentage of the budget that was caused by the decline in world oil prices since June last year's deficit.

In this regard, economic and academic Dr. Majid Baidhani expected to accept a large audience of traders stock in the stock market on the acquisition of government bonds by the Ministry of Finance plans to launch soon.

He said in a statement the "morning": The Culture owned by traders stock in the Iraq Stock Exchange are well aware of the value of bonds and financial returns that Stderha them for possessing experience and expertise in the bond and stock value Almalah.okan Finance Minister Hoshyar Zebari announced late last week that Iraq is considering the issuance of bonds international dollar-denominated for five years worth five billion dollars to help bridge the budget deficit will soon begin to pay some dues oil companies economic Alojunbah.oahar academic that the financial factor is one of the more factors that affect the credit rating of the sovereign debt of what would lead to the extent that the rankings of the national economy changed for the better, calling for speeding for the purpose of Iraq for a sovereign credit rating from international credit rating agencies, "Fitch, Moody's and Standard & Poor's" and the application of mechanisms and standards to improve the degree classification to become part of investment-grade low-risk, which will contribute to increasing the state's resources to allow the country to attract investment companies and access to global capital markets and access to appropriate funding cost.

And sovereign bonds ndash; according to Encyclopedia and Akebedea- are bonds the government issued generally to pay a certain amount at a certain date, as well as periodic interest rate for a certain period of time, with a specific interest rate, for a company or a country payments, usually government bonds are denominated in special currency in the country.

He Baidhani that in the event of a proportion of bonds abroad, the demand will have more because of that enjoyed by Iraq of a good reputation in terms of high obligations to repay its debts over the past years, in addition to having multiple economic resources, noting that the borrowing from the inside reduces the need to external borrowing as well as the interest on foreign loans ratio (International) will be significant despite the length of the repayment period, while borrowing from the inside is available and accessible to the presence of large Aktnazac is invested in the private sector.

The Finance Minister Hoshyar Zebari between in a statement, "we think of borrowing through government bond issue worth five billion dollars sold outside Iraq", pointing out that his ministry "has issued treasury bills for the year worth four trillion dinars, equivalent to about $ 3.5 billion in the local market on behalf of the from the Ministry of Oil and perhaps additional authorizations issued $ 1.5 billion. "


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