************* Iraqi bonds are offered in the Irish market at a rate of 6.752% per annum

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************* Iraqi bonds are offered in the Irish market at a rate of 6.752% per annum

Post  Admin on Sat Aug 05, 2017 10:08 am

Economy News Baghdad:

An Iraqi government official said on Saturday that Iraqi bonds would be offered on the Irish stock market at a rate of 6.752 percent a year.

The source, who preferred not to be named for the "Economy News", that "based on the law of the general budget for 2017, including the issuance of foreign bonds worth one billion dollars and with the approval of the Council of Ministers has been successful issuance of Iraqi international bonds in the global financial market for five and a half years and a benefit of 6.752 Annually. "

"Citibank, Deutsche Bank and JPMorgan, as well as the Iraqi Trade Bank as the issuing manager, have made the technical arrangements for issuing these bonds," he added.

"Bonds will be listed this year on the Irish stock market and are tradable in emerging markets."



http://economy-news.net/content.php?id=8577

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Re: ************* Iraqi bonds are offered in the Irish market at a rate of 6.752% per annum

Post  Admin on Sat Aug 05, 2017 11:13 am

Iraq issues sovereign external debt in the international capital market
Section: Economic August 5, 2017 | 4:33 PM


BAGHDAD / BAGHDADIYA, Iraq - Iraq is issuing sovereign foreign capital in the global capital market, the prime minister's finance adviser said on Saturday.

"Iraq has issued an international sovereign bond bearing the name of (Euphrates). The term of the bond is 5 years and the interest is 6.75 percent payable every six months," Saleh said in a statement received by Baghdadiya News.

He added: "Sindh has been classified by Fitch Ratings. B / The number of international investment companies that have bid for and competed with about 350 international investment companies with investment facts increased by more than $ 12 trillion and have applied for (buy) Sindh Euphrates Close to $ 6 trillion oversubscribed, including the Abu Dhabi Investment Fund, the Arab Monetary Fund and the California Education Fund, one of the wealthiest funds in the US West Coast and the world. "

"The sale took place on Wednesday 2 August 2017 in London by the underwriters. The bond was registered for sale and purchase in the Irish stock market, using the European Union standards as one of the most accessible and efficient financial markets."

Noting that "the lowest category of the bond is 200 thousand dollars and increases complications. Interestingly, the interest paid half a year. Thus, the Republic of Iraq issued in 2017 two consecutive international sovereign debt instruments to trade in the international capital market until today: the first (the Tigris) 149% of the value of the issue is $ 1 million guaranteed by the US government. "

"Today, the second sovereign bond (Euphrates) is secured by a government. The Republic of Iraq and the B-credit rating carries an interest rate of 6.75%, which is lower than the Iraqi international bond that has been traded in the secondary secondary markets since 2006 (to settle the debts of the Paris Club of Trade 20-28 and its benefit or yield is currently 7.6%). The annual interest rate on the Tigris and Euphrates is blinded by 4.4% annually. "


http://www.albaghdadiyanews.com/?p=48274

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Re: ************* Iraqi bonds are offered in the Irish market at a rate of 6.752% per annum

Post  Admin on Sat Aug 05, 2017 11:30 am

After the Tigris .. Euphrates another sovereign international support for Iraq in the global capital market

Date of release: 2017/8/5 17:04


{Iraq: Al-Furat News} Iraq issued an external sovereign bond in the name of {Euphrates} in the global capital market after the first bond in the name of {Tigris}.

A statement by the Prime Minister's Advisor for Financial Affairs, the appearance of Mohammed Saleh received the agency {Euphrates News} a copy of it today, "Iraq issued on Wednesday, 2 August 2017 an international sovereign bond bearing the name of {Euphrates} the duration of the bond is 5 years and the interest rate is 6.75% six months ".

Saleh added, "Sindh was classified by Fitch for credit rating B, and the number of international investment companies that submitted for the purchase and competed with about 350 global investment companies with investment facts more than $ 12 trillion and have applied for the purchase of Sword Euphrates approached $ 6 trillion oversubscribed, including the Abu Dhabi Investment Fund, the Arab Monetary Fund and the California Education Fund, one of the wealthiest funds in the US West Coast and the world. "

"The sale took place on Wednesday, 2 August 2017, in London, by the underwriters. The bond for sale and purchase was registered on the Irish stock market, using the EU standards, which is one of the most accessible and efficient financial markets."

Saleh said that "the lowest category of the bond is 200 thousand dollars and increase complications, noting that the interest paid half a year, and thus the Republic of Iraq issued in 2017 successive international sovereign bonds combined to trade in the global capital market until the first day {Tigris} benefit 2,149 "The value of the issue is $ 1 million guaranteed by the US government."

"Today, the second sovereign bond (Euphrates) issued by the government of the Republic of Iraq has been issued and classified as B-credit and carries interest at 6.75%, which is lower than the Iraqi international bond that has been traded in the secondary secondary markets since 2006" 28 and its utility or yield is currently 7.6%}. "

He pointed out that "the average annual interest on the Tigris and Euphrates {blinded according to the hypothesis of wacc} is 4.4% per annum."

http://alforatnews.com/modules/news/article.php?storyid=147697

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