Iraq prepares to launch bond market

[danpeg]

http://news.bbc.co.uk/1/hi/business/3900627.stm

[Jared]

Looks like the banks will gobble up all the notes. Article said 99%, understandably so, they need to invest in something to generate money....

Jared :cool:

[Marilyn]

I believe they will be available for purchase from one of the Iraq Banks in a few months for foreign investors. They're a good investment.

[highrollr19]

Will someone give me a good education on the idea of the T-BIlls? I don't really know anything about it, but have been hearing over and over how good an investment it is. Deatials please

[Marilyn]

T-Bills are basically government notes. The gov't takes a loan form the people at a set interest rate (8-10%). The money raised by issuing these bills will be used to pay down the Iraq National Debt. and strengthen the Dinar value. They mature in a set amount of time (90 days). They are a good investment because they are usually backed by the government.

[highrollr19]

Ok, then how do we go about investing in Tbills? Are we buying them in dinars or US dollars? more info... keep it coming please :)

[Marilyn]

You will be able to purchase them from the bank in a few months. I'm not sure which banks will carry them but I suspect it's same list we've been looking at on the CPA website.

[kvb]

http://money.cnn.com/2004/07/18/news/international/iraqdebt.reut/