08 Jul 2015
(MENAFN) Iraq’s government is set to issue local USD5 billion bonds in the fourth quarter of the year, hoping to reduce the impact of low oil prices over its funds, according to a former official from the central bank, Reuters reported.
The bonds enjoy maturities of between 12 and 18 months and are set to refinance the budget deficit and are available for domestic banks, institutions and other retail investors, the official added.
“It gives a unique opportunity to a group of investors who are cash-rich and essentially hoarders. We think there will be good demand for investment,” he said.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more