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BatmaninIraq
10-13-2015, 06:42 AM
Iraq's plan to stop the issuance of international bonds because of the high yield
10/12/2015

BAGHDAD / Reuters

Fadel prophet Iraqi Deputy Minister of Finance, said on Sunday that Iraq suspended its plans to issue international bonds because the yield to be paid will be very high.
Prophet told Reuters that Finance Minister Hoshyar Zebari, "ordered a halt to bonds because the interest rate will be high."
Iraq, which suffers from shrinking oil revenues because of low crude prices and the costs of the war on Daash and had held meetings throughout the week with investors in Europe and the United States last month in an effort to promote a version planned.
The aspires to raise about two billion dollars from the initial version is denominated in the US currency in the context of the series were versions will reach six billion dollars.
But informed sources said that investors demanded very high returns, which was Iraq will carry a heavy financial burden.