November 18, 2015
Our economy / Baghdad
The governor of the Iraqi Central Bank on the Keywords Iraq's intention to issue international bonds two billion dollars in 2016 to guarantee from the World Bank for up to half the amount.
Keywords and said in comments carried by Reuters statements and pursued agency our economy news "value will amount to two billion dollars but the (World Bank) will ensure, say 40 or 50 percent .. will open that market more - make it wider - to attract more investors," he said, adding that the government placed bonds in their accounts for next year's budget deficit to finance the estimated $ 21 billion in size budget of about $ 95 billion.
Keywords predicted to be the new bond yields "a lot less" than 11.5 percent of the revenue that investors request during a promotional tour in Europe and the United States.
Iraq and appointed three major international banks to arrange the release are Citigroup, Deutsche Bank, JP Morgan Chase, but many institutional investors were reluctant because of the risks.
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