Iraq displays sovereign bonds for sale

[easyrider]

Iraq displays sovereign bonds for sale

2/9/2015 0:00 

BAGHDAD Alaa al-Tai 

scheduled to travel a senior government delegation, including ministers, officials and experts in the financial and economic affairs, next week, to the United States and Britain to discuss the issue of Iraq sovereign bonds, and to explain the ability of the country to fulfill its obligations to investors who Septaon those bonds and Atdaolunha in markets Alaalmih.ocd high-level government source, who preferred anonymity, said in an interview singled out the "morning" that a government delegation will travel next Monday, accompanied by a credit rating talks team, to the United States and the UK to clarify Iraq's ability to fulfill its obligations to investors who Septaon Sindh Iraqi and international promotion, in a move that serve the welfare of economic reform measures and to maximize state revenues. 

The source said, "The delegation will include government and finance ministers, oil and Governor of the Central Bank and the consultants and experts in economic and financial Shan officials to discuss the process of issuing sovereign government bonds in the global financial market." 

The source noted, that the Iraqi government delegation held talks in Turkey during last June in order to promote Sovereign bonds to be issued by Iraq, stressing that the delegation held meetings with representatives of international banks also reviewed the financial and economic, political and security of Iraq report. The source said that the talks with my company has a credit rating and the International Tribunals "Modiner and Fitch" in order to determine the credit rating of Iraq in the international capital market, also held talks with British companies rating and contacts to get a credit rating. The source indicated that Iraq's current credit rating within the group ( , noting that the delegation will explain the possibilities and Iraq's oil export.
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http://www.alsabaah.iq/ArticleShow.aspx?ID=99287

Edited September 2, 2015 by Markinsa
Corrected Title

[Flamtap]

Suddenly! All dinars 'world-wide' are clicking their Red Ruby Slippers and saying....."There's No Place Like Home!"

[Laid Back]

Why Britain and United States and not Russia and China?

We know the answer.... Pay Back time.

Is coming to your nearest Bank.!

Go Iraq

Go Bonds

Go dinar

Go $1:1

[sandfly]

HOPE SO LB

[Rockymtnhi]

Of course they need to sell bonds.  Their oil revenue is 40% of what it used to be.  They are running a huge deficit. 

[easyrider]

Bonds | Wed Sep 2, 2015 7:01am EDT Related: BONDS, MARKETS
Iraq poised to meet investors ahead of crucial bond sale - IFR
BY MICHAEL TURNER

LONDON, Sept 2 (IFR) - Iraq plans to begin marketing a new Eurobond following the Labor Day holiday in the U.S., according to several sources, as the sovereign hopes to issue in the capital markets for the first time in nearly a decade.

Representatives from the country are expected to meet investors across the U.S. and Europe ahead of the deal, which is likely to be unsecured.

Citigroup, Deutsche Bank and JP Morgan will be the lead managers, the sources said.

The U.S. Labour Day holiday is on Sept. 7.

The sovereign is seeking to raise up to US$6 billion through bond sales to relieve the pressure of low oil prices on state finances, though sources indicate this first deal will be much smaller.

Last month Iraq received its first international credit rating after Fitch assigned a B- rating with a stable outlook, six notches below investment-grade.

In its assessment Fitch cited political risks and insecurity that are among the highest faced by any sovereign rated by the agency.

Iraq last issued an international bond in January 2006. That US$2.66 billion 5.80 percent deal matures in January 2028. The note is trading at a cash price of 75.50, according to Thomson Reuters, to yield 10.23 percent.

http://www.reuters.com/article/2015/09/02/iraq-bonds-idUSL5N1181VZ20150902

[MyLadiesDaddy]

Why Britain and United States and not Russia and China?

We know the answer.... Pay Back time.

Is coming to your nearest Bank.!

Go Iraq

Go Bonds

Go dinar

Go $1:1

And pay back is a BIYACH. LOL

[newbieDA]

Note: This is happening this Monday!