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Finance announces the launch of a new issue of government bonds for public subscription
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Baghdad today - Baghdad
Today, Thursday (April 4, 2024), the Ministry of Finance announced the offering of a new issue of government bonds for public subscription under the name “Injaz Bonds.”
The Ministry's media said in a statement received by "Baghdad Today", "The Ministry of Finance/Public Debt Department, in cooperation with the Central Bank of Iraq, announces the offering of a new issue of government bonds for public subscription under the name Enjaz Bonds."
The statement explained, “The details of the issuance included government bonds denominated in the Iraqi dinar,” while indicating that the categories offered are a bond in the category of (500,000) thousand dinars, for a period of two years, with an annual interest of 6.5% paid every six months, and a bond in the category of (1) million dinars, for the period 4 years with an annual interest of 8.5% paid every six months.
He continued, "The subscription date is for the period from April 15, 2024 to May 15, 2024," stressing that "the subscription method is through submitting purchase applications to one of the bank branches approved by the Central Bank of Iraq, accompanied by the original identification documents, and after that the bank sends the application with The purchase amount is sent to the Central Bank via the RTGS electronic payment system on the same day of purchase, and in return, the buyer will receive a receipt for what he paid of the purchase amount until the bond is prepared, and after a period not exceeding a week, the buyer brings the receipt to the same bank to receive the bond.”
The statement called on all citizens, investors and companies “to participate by subscribing to this issuance of government bonds,” stressing that “the bonds offered are tradable in the Iraq Stock Exchange and the government is committed to paying the annual interest and the value of the bond when it matures.”
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