Iraq Plans Bond as 3.3 Million Barrels a Day Gushes: Arab Credit
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Iraq plans to sell bonds for the first time since 2006 as surging oil revenue pushes borrowing costs lower even as sectarian violence in the nation escalates.
“We formed a committee to decide on the details for the bond issue, which will most probably be of medium- to long-term maturity,” Deputy Finance Minister Fadhel Nabi said in an Oct. 22 phone interview from Baghdad. “The joint committee from the Finance Ministry and the central bank will also decide on the timing, which can be within a year,” he said, declining to give more details.