By John Lee. In line with directives from the Ministry of Finance and the Central Bank of Iraq (CBI), Al-Rafidain Bank has announced the launch of the first issuance of national bonds worth IQD 2 trillion [$1.5 billion]. The issuance period runs from February 10 to March 10, 2025. The bonds are available in two […]
By John Lee. S&P Global Ratings has affirmed its 'B-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Iraq. "The outlook is stable," it added. More details, including economic stats, here. (Source: S&P Global Ratings)
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook.. More details here. (Source: Fitch Ratings)
By John Lee. Iraq's Ministry of Finance has said it will issue a new series of its "Injaz/Enjaz" ["achievement"] bonds. According to s statement issued on social media, but not yet available on the Ministry of Central Bank of Iraq (CBI) websites, the bonds will be offered in two denominations: A bond of 500,000 Iraqi […]
By John Lee. In response to the high demand for its "Injaz/Enjaz" ["achievement"] bonds, first issued in May, the Central Bank of Iraq (CBI) will offer a second issue of these bonds on behalf of the Ministry of Finance. The total amount available is 1.5 trillion Iraqi dinars [$1.15 billion]. The bond are available for […]
By John Lee. The Central Bank of Iraq (CBI) has said it will issue a new series of bonds on behalf of the Ministry of Finance. The "Injaz/Enjaz" ["achievement"] bonds will be offered in two denominations: A 500,000 Iraqi Dinar (IQD) bond with an annual interest rate of 6.5 percent for a period of two […]
By John Lee. In a move to enhance the investment sector and align with the directives of the Ministry of Finance, Rafidain Bank has announced the issuance of the third series of reconstruction bonds for amounts of 500,000 and 1,000,000 Iraqi dinars. The bonds carry an annual interest rate of 6% and 8% for two […]
By John Lee. Iraq's Ministry of Finance announced on Friday the issuance of the third tranche of reconstruction bonds, named "Sukuk Al-Imar," totaling 2 trillion dinars [$1.5 billion]. This issuance is in accordance with Budget Law No. 13 for the fiscal years 2023-2024-2025, covering the period from December 31, 2023, to January 30, 2024. The […]
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. More details here. (Source: Fitch Ratings)
By John Lee. In the latest credit rating report by Standard & Poor's (S&P), Iraq has retained its credit rating at B- / B with a stable outlook. According to the statement from the Ministry of Finance, the report highlights Iraq's financial and economic stability. It continues: "This new rating reflects Iraq's continued economic and […]
By John Lee. Fitch Ratings has affirmed Iraq's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. More details here. (Source: Fitch Ratings)
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 […]
