Central Bank raises bonds trillion dinars and an interest rate of 8% 2017/3/30
Central Bank raises bonds trillion dinars and an interest rate of 8%
2017/3/30 12:43 • Central Bank raises bonds trillion dinars and an interest rate of 8%
Iraqi Central Bank announced that it plans to launch a national bonds with a nominal value of one trillion dinars and [less than one billion dollars and an interest rate of 8%.
The media office of the Bank Acer Jabbar Director in a statement received by all of Iraq [where] a copy of it, that " the Central Bank of Iraq is determined to put national bonds with a nominal Asdarih second on behalf of the Ministry of Finance Bosaddarah of five categories , namely: [100 thousand dinars, and 25 thousand dinars, Wu 500 thousand dinars, and one million dinars, and five million dinars and the amount of one trillion dinars. "
"The bonds will be sold an interest rate of 8% per annum annual coupons for a period of two years starting from 02/04/2017 in nominal terms and payable by the Ministry of Finance 04.02.2019".
Jabbar pointed out that "banks can and citizens of all purchase orders submitted to the central bank directly with bringing a color copy of the identity of the Civil Status," pointing out that "can use those bonds as collateral to obtain loans or facilities or any transactions require collateral, it can also be traded in Iraq Stock Exchange , buying and selling. "