Financial issues are guaranteed by Washington-billion-dollar bonds and stresses: international banks Amtdanna 22/1/2017 17:53
Long-Presse / Baghdad
The Ministry of Finance, on Sunday, for foreign government bonds guaranteed by the United States issued one billion dollars, as indicated that they made great efforts for issuance to cover the deficit in the budget, confirmed that foreign banks praised the interest rate achieved by the ministry for these bonds compared to other countries issued guaranteed bonds from Washington.
The Finance Ministry said in a statement received (range Press), a copy of it, that "the Ministry of Foreign government bonds were guaranteed by the US government of $ 1 billion on 01.18.2017."

The statement added that "the Ministry of Finance has made great efforts during the month of January last, and the beginning of this month, for the issuance of these bonds by meeting all necessary steps to complete this process, which had been successful in the end requirements."

The ministry added that "the duration of Sindh are (5) years and an interest rate of 2.1% per annum," indicating that "the outcome of this bond will be used to finance the budget deficit, based on the General Budget Act, which authorized the Minister of Finance issuance of those bonds."

The statement said that "foreign banks praised the interest rate achieved by the Ministry of Finance for these bonds compared to similar cases to other countries has issued guaranteed by the US government bonds."
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