Standard Chartered in Talks on $2 Billion Iraq Bond Sale
- Iraq to revive bond sale after government halted plans in 2015
- Country expects to receive $6 billion from IMF, World Bank
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Standard Chartered Plc is in talks with Iraq’s Finance Ministry to take part in a $2 billion bond sale this year after OPEC’s second-biggest producer revived plans to tap international debt markets to finance its budget deficit.
The London-based bank is also holding talks with other government institutions about their financing needs, Andreas Meletiou, Standard Chartered’s chief executive officer in Iraq, said in an interview on Tuesday in Beirut.