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FINANCIAL NEWS
Iraq eyes USD 2bn bond sale by 2016-end
05 Jun 2016
(MENAFN) Iraq plans to sell USD 2bn in the last quarter of the year, when global aids came in, helping lower its costs of borrowing.
Additionally, the Opec nation predicts to receive in Sep USD 600mn from the Intl’ Monetary Fund, while the first tranche will reach USD 5.4bn.
Moreover, Iraq last sold global debt was in 2006, when it issued almost USD 2.7bn of bonds due in 2028 with a coupon of 5.8 percent.
The deal with the IMF should unlock a whole of USD 18bn in global assistance among three years.
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