Finance Minister: Iraq plans to sell bonds two billion dollars

History of edits:: 2016/6/3 11:16 263 visits readable

{Baghdad} Euphrates News said Finance Minister Hoshyar Zebari said "Iraq expects to sell international bonds worth two billion dollars in the last quarter of this year, when the international aid begins to flow, it will help to reduce the cost of borrowing on Baghdad.

Zebari said in a press statement that "Iraq is a member of the Organization of Petroleum Exporting Countries {OPEC} expects to receive $ 600 million in September from the International Monetary Fund, the first of facilitating a $ 5.4 billion down payment where he is expected to get by Iraq from the fund over three years under the agreement was ready it was announced last month. "

Iraq has been seeking international support after shrinking revenues due to the oil price collapse two years ago, where the government relies on oil for 95 percent of their income.

The last time selling the Iraq international debt instruments in 2006 when he issued bonds by about $ 2.7 billion for the year 2028 until the interest rate of 5.8 percent.

She and Kalta Moody's and Fitch Ratings last month that Iraq's agreement with the International Monetary Fund and a positive side also gave the credit rating Fitch B- Iraqi credit long Alogel.anthy