Bond Offering in Iraq: Five hundred thousand dinars, with an annual interest of 6% for two years.

 

The ministry said that "in continuation of the government program related to achieving financial stability and enhancing the capabilities of economic and investment activities, as well as in view of the success of the first issue of Emaar bonds, the Ministry of Finance intends to issue the second issue of bonds and make them available for circulation to citizens starting Tuesday, November 28, 2023, for a period of 30 days."

  You can watch the video by clicking here.

Bond details:

Two categories of bonds worth one and a half trillion Iraqi dinars are available on the Iraq Stock Exchange:

The first is for (500,000) five hundred thousand dinars, with an annual interest rate of 6% for two years. The second is for 1,000,000 one million dinars, with an annual interest rate of 8% for four years."

According to the Federal General Budget Law No. 13 of 2023, the purchase and trading of the offered bonds are tax-free.

The application process for buying bonds is as follows:

To purchase bonds, applicants must submit the original identification documents to one of the licensed banks.

Bond purchasers will receive a receipt from the bank for the amount paid.

After the bond is prepared, the buyer shall bring the receipt to the bank for receipt of the bond.