The central bank plans to launch a national bonds in five categories of the middle of
The central bank plans to launch a national bonds in five categories of the middle of this month
Published in: 12:31, March 9, 2016
CBI, Wednesday, announced his intention to launch a national bonds in five categories of the middle of this month, adding that her annual interest rate of 6%, between that can be used as collateral for loans to financial facilities.
The bank said in a statement received (Opinion International), a copy of which he "will launch national bonds (nominal) on behalf of the Ministry of Finance in nominal terms and as of the middle of this month, March 15 and ends on 15 April next year," adding that "Asdarih will offer five categories include (100,000 and 250,000, and 500,000 and 1,000,000 and 5,000,000). "
The bank said that "the value of these funds to be raised will reach 1.5 trillion dinars," noting that "the sale will be at a discount and will be 6% interest per annum and is payable by the Ministry of Finance in March, 142,018."
The bank added that "can citizens and banks all provide purchase orders to the Central Bank directly," pointing out that "he can use those bonds as collateral for loans and facilities or any transactions require collateral, can also be traded on the Iraq Stock Exchange, buying and selling and be deductible the public and private banks. "
Iraq is seeking to issue an internal national bonds to finance the deficit in the public budget for Iraq as a result of falling oil prices to below $ 30 a barrel Aluahd.anthy