in keeping with directives from the Ministry of Finance and the vital financial institution of Iraq (CBI), Al-Rafidain bank has announced the release of the first issuance of country wide bonds worth IQD 2 trillion [$1.5 billion].
The issuance length runs from February 10 to March 10, 2025.
The bonds are to be had in classes:
IQD 500,000 bonds with a 6% annual hobby charge, payable every six months, maturing in two years.
IQD 1,000,000 bonds with a 7.5% annual hobby fee, payable every six months, maturing in 4 years.
The bonds are to be had for both banks and the majority (individuals and criminal entities). fascinated buyers should post an instantaneous buy request to Al-Rafidain bank, along with authentic identity files.
nation-owned Rafidain financial institution is presently being restructured with the assist of Ernst & younger (EY).
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