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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.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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