The Iraqi Ministry of Finance issues a new bond issue worth more than 2.2 trillion dinars.

The Iraqi Ministry of Finance issues a new bond issue worth more than 2.2 trillion dinars.

The Iraqi Ministry of Finance announced on Thursday the launch of the third issue of national bonds for public subscription, with a total value of 2.262 trillion and 942 million Iraqi dinars.

The Ministry of Finance said in a statement received by Shafaq News Agency that the issuance of these bonds is being done through the Public Debt Department in cooperation with the Central Bank of Iraq, indicating that the bonds include two categories: the first is worth 500,000 Iraqi dinars, and provides an annual return of 8% paid every six months for a period of two years, while the second category is worth one million Iraqi dinars, and provides an annual return of 10% paid every six months for a period of four years.

She added that the subscription period for these bonds begins on April 20, 2025, and continues until May 20, 2025.

According to the statement, subscriptions will be conducted by submitting purchase requests to branches of banks authorized by the Central Bank of Iraq, along with the required identification documents. The amount will be transferred via the RTGS system on the subscription day. Subscribers will receive a temporary receipt until the bond is prepared and delivered later.

The Ministry of Finance called on citizens, investors, and companies to take advantage of this issuance, which offers fixed returns and a government guarantee, noting the importance of this step in supporting financial stability and enhancing local investment opportunities.

Shafaq.com