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Iraq Plans $2 Billion Eurobond Sale to Plug 2018 Budget Deficit

  • Iraq central banker comments on the planned sale in interview
  • Oil producers were forced to slash spending as oil plunged
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Al-Allaq discusses Iraq’s return to the global bond market.Source: Bloomberg
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Iraq plans to return to the global bond markets next year to raise $2 billion to finance its budget deficit, central bank Governor Ali Al-Allaq said on Sunday, as the oil-rich country capitalizes on IMF backing and a gradual return to stability.

Iraq, OPEC’s second-biggest producer, will also raise funds through local and foreign loans, Al-Allaq said in an interview in Abu Dhabi.