JackFrost8 » January 19th, 2017
Rafidain Bank ex-director sentenced to 10 years on embezzlement charge
January 19 2017 06:54 PM
Embezzlement charges
A former director at the Rafidain Bank was sentenced on Thursday to 10 years in absentia on corruption charges.
He was found guilty of embezzling 4 billion dinars during the period from 2006 to 2014, the Commission of Integrity said
The embezzled funds were scheduled to be paid to pensioners.
http://www.thebaghdadpost.com/en/story/5202/Rafidain-Bank-ex-director-sentenced-to-10-years-on-corruption-charges
Jackfrost8 » January 19th, 2017
January 19 2017 06:54 PM
Embezzlement charges
A former director at the Rafidain Bank was sentenced on Thursday to 10 years in absentia on corruption charges.
He was found guilty of embezzling 4 billion dinars during the period from 2006 to 2014, the Commission of Integrity said
The embezzled funds were scheduled to be paid to pensioners.
http://www.thebaghdadpost.com/en/story/5202/Rafidain-Bank-ex-director-sentenced-to-10-years-on-corruption-charges
Jackfrost8 » January 19th, 2017
Iraq issues dlrs one bn sovereign bond with US guarantee
January 19 2017 12:43 PM
Iraq successfully closed on its offering of a $1 billion sovereign bond issuance guaranteed by the United States of America.
This loan guarantee underscores the strong and enduring commitment of the United States to support the government of Iraq in this critical moment in the fight against Daesh.
As part of a comprehensive international assistance package – anchored by an International Monetary Fund-supported reform program – this guarantee provides Iraq access to low-cost financing essential to delivering critical services to all the people of Iraq, while laying the foundation for long-term stability and growth through economic and institutional reforms.
Today’s issuance of a $1 billion, five-year Iraqi sovereign bond on international markets is backed by a 100 percent guarantee by the U.S. government of the repayment of principal and interest, and was priced at a coupon rate of 2.149 percent.
http://www.thebaghdadpost.com/en/story/5181/Iraq-issues-dlrs-one-bn-sovereign-bond-with-US-guarantee
Jay » January 19th, 2017
January 19 2017 12:43 PM
Iraq successfully closed on its offering of a $1 billion sovereign bond issuance guaranteed by the United States of America.
This loan guarantee underscores the strong and enduring commitment of the United States to support the government of Iraq in this critical moment in the fight against Daesh.
As part of a comprehensive international assistance package – anchored by an International Monetary Fund-supported reform program – this guarantee provides Iraq access to low-cost financing essential to delivering critical services to all the people of Iraq, while laying the foundation for long-term stability and growth through economic and institutional reforms.
Today’s issuance of a $1 billion, five-year Iraqi sovereign bond on international markets is backed by a 100 percent guarantee by the U.S. government of the repayment of principal and interest, and was priced at a coupon rate of 2.149 percent.
http://www.thebaghdadpost.com/en/story/5181/Iraq-issues-dlrs-one-bn-sovereign-bond-with-US-guarantee
Jay » January 19th, 2017
ISSUED TODAY???...hmmmm
Kmamgmt » January 19th, 2017
Kmamgmt » January 19th, 2017
Oh my goodness! Isn't this what Frank said the U.S. would not do until they lifted the value of their currency? DOH!!!
Jay » January 19th, 2017
Well from my understanding they, Iraq, has tried several times to sell bonds in the past 2 years but always failed to sell them. Mainly because they are/were (?) At a program rate.
It took the USA to BACK them for the bonds to have any kind of chance.
USA would not back them if they were not International and raised the value.
But what do I know. All IMO. Waiting like u for confirmation, but yeah. I agree with u.
It took the USA to BACK them for the bonds to have any kind of chance.
USA would not back them if they were not International and raised the value.
But what do I know. All IMO. Waiting like u for confirmation, but yeah. I agree with u.