Source: Zebari promoted in Washington for Iraq bonds worth 6 billion dollars

History of edits:: 2015/9/15 22:00 • 33 visits readable
An informed source, on Tuesday, on the visit of Finance Minister Hoshyar Zebari to the US capital Washington currently.
The source told all of Iraq [where] that “Zebari sought in his visit to promotion from the bonds and the search for Iraq with the US banks and the possibility of buying them.”
The banking sources said on Tuesday that the Iraqi government has begun a campaign to promote the first international bond issue in nine years as it seeks to finance a budget deficit because of falling oil prices and the war against Daash.
The sources said that “Baghdad want to combine up to six billion dollars in a series of versions of dollar bonds, but the first version is expected to be much smaller.”
Said Mrtbo versions that “banks [Citigroup] which is one of the largest companies of American financial services, headquartered in New York City and the Bank and Deutsche Bank, a multinational German Bank and the Bank of [JPMorgan Chase] the largest bank in the United States multinational financial services Banking version and will begin arranging meetings with investors in the United Kingdom and the United States. “
In spite of the political risk in Iraq is expected to contribute to Baghdad put the largest oil producer in the Organization of Petroleum Exporting Countries as the second [OPEC] to reassure buyers on entitlements and the large oil fields in the south of the country was not exposed to fight directly in addition to that Iraq adopt an ambitious plan It will continue for several years to increase its production of oil.
It is expected that Baghdad pay a high price for borrowing with a 10.37 percent return on Iraq’s dollar bonds due in 2028.
Prior to the sale this month, Iraq got its first sovereign credit rating gave him his where Bretton Standard & Poor’s and Fitch rating B- a rating below six degrees of investment grade.
The Finance Minister Hoshyar Zebari said in 22 of the last June that Iraq has begun promoting overseas bonds worth up to six billion dollars.
And the government much-needed liquidity as it expects a deficit of about $ 25 billion this year in the size of the budget of about $ 100 billion.
And it announced that the Iraqi Ministry of Finance today presented a draft 2016 budget law to the Cabinet for discussion and sent to the House of Representatives to Agherarha.anthy

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