- - - - - - - - - - - - -

Wednesday, January 04, 2006

Iraq - settling the debt

Iraq is entering the international debt market this month according to this Times article:

"Iraq plans to issue the bonds, worth about $2.8 billion (£1.6 billion), as part of a complex debt restructuring aimed at settling claims with some of the country’s largest commercial creditors...
The bonds will pay an annual coupon of 5.8% and are due to mature in 2028. The debt will be guaranteed by the Iraq Government.

Doesn't say in which currency the debt is issued though. Be interesting to see what confidence the speculators/investors have in the country.


Post a Comment

<< Home