By John Lee.
The Financial Times reports that Iraq has appointed Citi, Deutsche Bank and JP Morgan as joint bookrunners for a new five-year government bond.
The issue is described as a dollar-denominated, long-dated, benchmark-scale bond; investor meetings scheduled over the coming days.
In January, Iraq raised $1 billion of five-year bonds, guaranteed by the US, at a coupon of 2.149 percent.
(Source: Financial Times)