By John Lee.
The Iraqi government has reportedly appointed three major international banks to advise on its first international bond issue in almost a decade.
Citigroup, Deutsche Bank and JPMorgan Chase will assist in placing $6 billion (7.2 trillion Iraqi dinars) of new government bonds, in an attempt to bridge the budget deficit.
According to Bloomberg, the bond program will be in tranches, with the first sale coming this year.
Fitch Ratings recently ranked Iraq five levels below investment grade in its first ratings for the country.
(Source: Bloomberg)
(Bonds image via Shutterstock)
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DTNIraq 19th August 2015 at 09:47 #
DTN Iraq: Int’l Banks hired for $6bn Bond Sale: By John Lee. The Iraqi government has reportedly appointed thr... http://t.co/AHSbO8xBXo
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MENewsFeed 19th August 2015 at 09:47 #
Int’l Banks hired for $6bn Bond Sale: By John Lee. The Iraqi government has reportedly appointed three m... http://t.co/r9FX8C47ZK #Iraq
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JT_Iraq_News 19th August 2015 at 10:21 #
Int’l Banks hired for $6bn Bond Sale: By John Lee. The Iraqi government has reportedly appointed three major i... http://t.co/VoElZgfBtV
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iraqsolidarity 19th August 2015 at 10:21 #
Int’l Banks hired for $6bn Bond Sale http://t.co/PpynI9aG57 #iraq
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dliraq 19th August 2015 at 10:21 #
Int’l Banks hired for $6bn Bond Sale: By John Lee. The Iraqi government has reportedly appointed three major i... http://t.co/7m3Fe8yplV
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IraqDaily 20th August 2015 at 10:00 #
Int’l Banks hired for $6bn Bond Sale http://t.co/IQ8Y1oSDeH #Iraq
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DaLuckyOne1 20th August 2015 at 11:07 #
RT @IraqDaily: Int’l Banks hired for $6bn Bond Sale http://t.co/IQ8Y1oSDeH #Iraq
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BaerRbaer 20th August 2015 at 12:11 #
RT @IraqDaily: Int’l Banks hired for $6bn Bond Sale http://t.co/IQ8Y1oSDeH #Iraq
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gkilti 20th August 2015 at 12:37 #
RT @IraqDaily: Int’l Banks hired for $6bn Bond Sale http://t.co/IQ8Y1oSDeH #Iraq