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Finance sets the last date for applying for {Emaar} bonds with interest rates of up to 8%
- Time: 11/02/2023 10:34:27
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{Economic: Al-Furat News} The Ministry of Finance has set the last date for making investment bonds available to citizens.
A statement from the ministry, a copy of which {Al-Furat News} received, stated, “As a contribution from the Ministry of Finance to providing investment opportunities for citizens and achieving economic stability, the Ministry’s Public Debt Department, in cooperation with the Central Bank of Iraq, announced the continued availability of {Emaar} bonds to citizens, until Thursday.” Corresponding to November 9, 2023.
Finance published details of the bonds offered, indicating that “the first issuance of bonds worth one and a half trillion Iraqi dinars, tradable on the Iraqi Stock Exchange, is available in the form of two denominations: - The first is priced at
500 thousand dinars, with an annual interest of 6% for a period of two years.”
- The second price is one million dinars, with an annual interest rate of 8% for a period of four years.
The statement added, “The purchase and trading of the bonds offered are exempt from taxes, according to what is stated in the General Federal Budget Law No. 13 of 2023.” He
noted that “the mechanism for applying for the purchase of the bond,” indicating that “people wishing to purchase bonds can submit a direct application to one of the approved banks, accompanied by They have the original identification documents, and the buyer will be given a receipt by the bank for the amount he paid to purchase the bond.”
He continued, “The buyer keeps the receipt until the bond is prepared, and the buyer brings the aforementioned receipt to the bank to receive the bond after it is prepared.”
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{Economic: Al-Furat News} The Ministry of Finance has set the last date for making investment bonds available to citizens.
A statement from the ministry, a copy of which {Al-Furat News} received, stated, “As a contribution from the Ministry of Finance to providing investment opportunities for citizens and achieving economic stability, the Ministry’s Public Debt Department, in cooperation with the Central Bank of Iraq, announced the continued availability of {Emaar} bonds to citizens, until Thursday.” Corresponding to November 9, 2023.
Finance published details of the bonds offered, indicating that “the first issuance of bonds worth one and a half trillion Iraqi dinars, tradable on the Iraqi Stock Exchange, is available in the form of two denominations: - The first is priced at
500 thousand dinars, with an annual interest of 6% for a period of two years.”
- The second price is one million dinars, with an annual interest rate of 8% for a period of four years.
The statement added, “The purchase and trading of the bonds offered are exempt from taxes, according to what is stated in the General Federal Budget Law No. 13 of 2023.” He
noted that “the mechanism for applying for the purchase of the bond,” indicating that “people wishing to purchase bonds can submit a direct application to one of the approved banks, accompanied by They have the original identification documents, and the buyer will be given a receipt by the bank for the amount he paid to purchase the bond.”
He continued, “The buyer keeps the receipt until the bond is prepared, and the buyer brings the aforementioned receipt to the bank to receive the bond after it is prepared.”
Share if you like
[You must be registered and logged in to see this link.]
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