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FINANCIAL NEWS
Iraq aims to sell USD 2bn in bonds this year
20 Apr 2016
(MENAFN) Iraq is planning to sell USD 2bn in bonds in the next three months, hoping that global aid will lower the cost of borrowing the earlier plans to issue the debt.
Moreover, the country sold debt globally in 2006, when it issued almost USD 2.7bn of bonds due in 2028 with a coupon of 5.8 percent.
The country hopes to get USD 15bn to USD 16bn in loans over the next two years from the International Monetary Fund.
On the other hand, it also seeks for global support after a collapse in oil prices two years ago, which made its revenue to drop.
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