Central Bank announces sale of 802 billion dinars from national bonds

18/04/2017-13:30


Economy news _ Baghdad:



The Central Bank announced Tuesday, sales of 802 billion dinars from national bonds raised early in April, indicating that the current bond pays annual coupons for two years.


The Bank said in a statement it had received a copy of "news," it was selling $802 billion, 150 million of national bonds launched on behalf of the Ministry of finance in nominal current at the beginning of April, "indicating that" the rest of the offering is 197 billion 850 million dinars and the expiration of the sale going until next May 2nd. "


The Bank said that "offering launched with five categories include" 100.000 and 500.000, 250, 1.000.000 and JD and $5.000.000 trillion dinars and an interest rate of 8%, stating that "bond pays annual coupons for two years and payable by the Ministry of finance in the second date of April 2019.


The Central Bank issued on 2 April 2017 national bonds on behalf of the Ministry of Finance of trillion dinars to finance the budget deficit in Iraq as a result of the general decline in oil prices globally.

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