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Finance announces the issuance of the third issue of “Injaz” government bonds
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[rtl]Baghdad / NINA / The Ministry of Finance announced, today, Sunday, the offering of the third issue of government "Injaz" bonds for public subscription with a total value of 1.3 trillion Iraqi dinars.
The ministry said in a statement, "It, represented by the Public Debt Department and in cooperation with the Central Bank of Iraq, announces the offering of the third issue of government (Injaz) bonds for public subscription with a total value of 1.3 trillion Iraqi dinars."
The statement published the details of the issue:
Type of bonds: Government bonds denominated in Iraqi dinars.
● Offered categories:
A bond worth 500,000 dinars with an annual interest of 6.5%, paid every six months
for two years. A bond worth 1,000,000 dinars with an annual interest of 8.5%, paid every six months for four years.
Subscription period: From 10/14/2024 to 11/13/2024
Subscription method: Purchase requests are submitted to branches of banks authorized by the Central Bank of Iraq, attached to the required identification documents. The amount is transferred via the RTGS electronic payment system on the same day of purchase, and the buyer receives a temporary receipt until the bond is received from the bank.
● Invitation to participate: The Ministry invites citizens, investors and companies to participate in this issue of government bonds.
● Trading: The offered bonds are tradable on the Iraq Stock Exchange.
● Legal framework: This issue is based on the Federal General Budget Law No. 13 for the years 2023, 2024 and 2025.
● The issued bonds are stamped with a special seal and signed by the Ministry of Finance.
● Subscription benefits:
Fixed return: The government is committed to paying the annual interest and the value of the bond upon maturity.
Safe investment: Government bonds are among the safest investments due to the government's guarantee.
Strengthening the national economy: Subscription funds contribute to financing development projects and supporting financial stability in the country. / End2[/rtl]
The ministry said in a statement, "It, represented by the Public Debt Department and in cooperation with the Central Bank of Iraq, announces the offering of the third issue of government (Injaz) bonds for public subscription with a total value of 1.3 trillion Iraqi dinars."
The statement published the details of the issue:
Type of bonds: Government bonds denominated in Iraqi dinars.
● Offered categories:
A bond worth 500,000 dinars with an annual interest of 6.5%, paid every six months
for two years. A bond worth 1,000,000 dinars with an annual interest of 8.5%, paid every six months for four years.
Subscription period: From 10/14/2024 to 11/13/2024
Subscription method: Purchase requests are submitted to branches of banks authorized by the Central Bank of Iraq, attached to the required identification documents. The amount is transferred via the RTGS electronic payment system on the same day of purchase, and the buyer receives a temporary receipt until the bond is received from the bank.
● Invitation to participate: The Ministry invites citizens, investors and companies to participate in this issue of government bonds.
● Trading: The offered bonds are tradable on the Iraq Stock Exchange.
● Legal framework: This issue is based on the Federal General Budget Law No. 13 for the years 2023, 2024 and 2025.
● The issued bonds are stamped with a special seal and signed by the Ministry of Finance.
● Subscription benefits:
Fixed return: The government is committed to paying the annual interest and the value of the bond upon maturity.
Safe investment: Government bonds are among the safest investments due to the government's guarantee.
Strengthening the national economy: Subscription funds contribute to financing development projects and supporting financial stability in the country. / End2[/rtl]
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