Tag Archives | Binaa bonds

By John Lee. The Ministry of Finance has directed the Public Debt Department, in cooperation with the Central Bank of Iraq (CBI) to launch a second issue of construction bonds, which will be tradable on the stock market. The bonds, also know as a "binaa bonds", will be available for trading for a period of […]

By John Lee. Iraq has successfully completed the sale of a 1-trillion-dinar (£685-million) construction bond issuance, also know as a "binaa bond". The Ministry of Finance issued the bonds for sale on the local financial market at the start of October, in two categories: IQD500,000 bonds with annual interest of 6 percent for two years; […]