Baghdad plans to tour for promotional bonds worth $ 5 billion

by **Proven** Mon 22 Jun 2015, 2:17 pm

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Baghdad plans to tour for promotional bonds worth $ 5 billion

by Proven Mon 22 Jun 2015, 2:17 pm

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[ltr]Baghdad plans to tour for promotional bonds worth $ 5 billion[/ltr]

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History: 06/22/2015 18:33[/ltr]
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Baghdad - INA / Finance Minister Hoshyar Zebari, on Monday, that the Iraqi government hopes to meet with investors at the end of July to view plans on the issuance of bonds worth $ 5 billion.[/b
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The government hired both (JP Morgan), and (Citibank), and Deutsche Bank to arrange the first bond issue in her nine years in order to cover the budget deficit caused by low oil prices and fight al (Daash) terrorist.

Zebari told Reuters that Iraqi officials met with the three banks and institutions of credit rating Fitch and Moody's on 16 of June of this. He added, "We have completed a very successful tour of the technical examination with the three banks and with institutions of credit rating in Istanbul .. and I think they will be involved."

Zebari said "I think we will start our tour at the end of the promotional July or in early August at the latest .. then Snsderha then. Everything goes in the right direction. "[/ltr]

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