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, […]
Tag Archives | JP Morgan Chase
Tags: bonds, Citibank, Citigroup, Deutsche Bank, featured, Iraq Budget News, Iraqi Government Bonds, JP Morgan Chase, Sovereign Debt
Iraq Plans New Bond Issuance
By Simon Kent. Iraqi Central Bank Governor Ali Al-Alak has said that Iraq is issuing bonds to the value of around $2 billion in the next few months, following last year’s aborted issuance after investors demanded too high a yield. At the time, investors demanded an 11% yield on the bonds, and the issuance was handled […]
Tags: bonds, Citigroup, Debt, Deficit, Deutsche Bank, Economy, featured, IMF, Iraq, JP Morgan Chase, World Bank
Iraq Ready to Market Bonds
By John Lee. Reuters reports that Iraqi officials are planning to start marketing a new Eurobond following the Labor Day holiday in the U.S., which falls on 7th September. Citigroup, Deutsche Bank and JPMorgan Chase are to be the lead managers for the deal, which is expected to be unsecured. Iraq is hoping to raise […]
Tags: Citibank, Citigroup, Deutsche Bank, featured, Fitch, Iraq Budget News, Iraqi Government Bonds, JP Morgan Chase
Int’l Banks hired for $6bn Bond Sale
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 […]
Tags: Citibank, Citigroup, Deutsche Bank, featured, Fitch, Iraq Budget News, Iraqi Government Bonds, JP Morgan Chase
JPMorgan Expands Iraqi Business
By John Lee. JPMorgan Chase is the latest international bank after Citigroup and Standard Chartered to expand business in Iraq, reports Bloomberg. The company has just signed a one-year agreement to help the Trade Bank of Iraq (TBI) finance imports of goods and services, John Gibbons, managing director and EMEA regional executive, told the news […]
Ex-Im Bank Approves $35m Loan Guarantee to Devco
By Editor on 9th November 2012 in Iraq Banking & Finance News, Iraq Commodities & Mining News, Iraq Industry & Trade News
By John Lee. The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a JPMorgan Chase loan totaling $35 million to Devco International LLC (Devco) of Tulsa, Okla., for the design and construction of a sulfur purification plant in Mosul, Iraq. Ex-Im Bank’s financing will support approximately 380 U.S. jobs, […]
KRG Denies Wrongdoing in UK Market Abuse Probe
Last week we reported that Ian Hannam, a top advisor at JPMorgan Chase, has stepped down to appeal a £450,000 ($720,000) fine from the UK’s Financial Services Authority (FSA) for disclosing inside information about a potential offer for Heritage Oil, as well as news of an oil find. Reuters’ sources claim that the email recipient […]
JPMorgan Advisor Steps Down to Appeal Insider Trading Fine
A top advisor at JPMorgan Chase has stepped down to appeal a £450,000 ($720,000) fine from the UK’s Financial Services Authority (FSA) for disclosing inside information about a potential offer for Heritage Oil, as well as news of an oil find. In the FSA’s opinion, Ian Hannam disclosed inside information in two emails sent in […]
Tags: Heritage Oil, JP Morgan Chase
Clinton urges U.S. companies to invest in Iraq
By Editor on 11th June 2011 in Construction & Engineering In Iraq, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Security
Iraq is open for business, and American companies should make an effort to invest there, Secretary of State Hillary Clinton (pictured) has said, according to a report from CNN. The Secretary was addressing the Business Forum Promoting Commercial Opportunities in Iraq, which included executives from companies as far-ranging as Occidental Petroleum, JP Morgan Chase, General […]