View Full Version : Iraq revives plan to sell bonds two billion dollars in 2016

12-29-2015, 01:03 PM
Finance Minister: Iraq revives plan to sell bonds two billion dollars in 2016

Editor Ali Jasim - Monday, 28 December 2015 18:43

Alsumaria News / Baghdad
Finance Minister Hoshyar Zebari, on Monday, that Iraq has revived a plan to sell bonds in the budget of two billion dollars in 2016, as pointed out that liberalization of Ramadi,the Iraqi government will strengthen the position and facilitates the confidence of international institutions.

Zebari said in an interview with "Reuters", "The budget of 2016 allows the government to sell bonds two billion dollars if lacked sources of funding for the targeted spending project," adding that "the government hopes to conclude a better deal if you decide to resort to the bond market in 2016 with the achievement of the armed forces Victories Daash continuing to support the World Bank (http://www.ebay.com/sch/i.html?_nkw=world+bank) and the International Monetary Fund (http://rover.ebay.com/rover/13/0/19/DealFrame/DealFrame.cmp?bm=620&BEFID=63715&acode=639&code=639&aon=&crawler_id=501635&dealId=wrBMW5-0o8VKaHy_jv858w%3D%3D&searchID=&url=http%3A%2F%2Fwww.bookdepository.com%2FBuilding-Resilience-in-Sub-Saharan-Africas-Fragile-States-International-Monetary-Fund%2F9781513550015%3Fredirected%3Dtrue%26utm_med ium%3DShopping%26utm_campaign%3DShoppingUs%26utm_s ource%3DUS%26utm_content%3DBuilding-Resilience-in-Sub-Saharan-Africas-Fragile-States&DealName=Building%20Resilience%20in%20Sub-Saharan%20Africa%27s%20Fragile%20States%20by%20Int ernational%20Monetary%20Fund&MerchantID=501635&HasLink=yes&category=0&AR=-1&NG=1&GR=1&ND=1&PN=1&RR=-1&ST=&MN=msnFeed&FPT=SDCF&NDS=1&NMS=1&NDP=1&MRS=&PD=0&brnId=2455&lnkId=8070676&Issdt=151227050524&IsFtr=0&IsSmart=0&dlprc=24.99&SKU=9781513550015_uk) to the government's financial center. "

Zebari said, that "the confidence of international institutions in the country will facilitate the issuance of sovereign bonds process", believing that "the liberalization of gray will strengthen our position."

And it was suspended bond sale plan, the first of its kind offered by the Iraqi government in the international market by about ten years, in October as investors demanded a yield of 11 percent.

Iraq in 2006 and sold bonds worth $ 2.7 billion worth in 2028, and received on Iraq -B rating agency Fitch Ratings in August.

Oil prices have fallen to less than half in the last eighteen months, which is what the government trimmed crude sales, which make up 95 percent of it in income.