Finance announces the launch of a new issue of government bonds for public subscription, 5 APRIL

   Finance announces the launch of a new issue of government bonds for public subscription

● Version details:

Bond type: Government bonds denominated in Iraqi dinars.

● Categories offered:

- A bond denomination of (500,000) thousand dinars, with a maturity of two years, with an annual interest of 6.5%, paid every six months.

- A bond denomination of (1) million dinars, for a period of 4 years, with an annual interest of 8.5%, paid every six months.

● Subscription date: period from April 15, 2024 to May 15, 2024.

● Subscription method: Purchase applications are submitted to one of the bank branches approved by the Central Bank of Iraq, accompanied by the original identification documents. The bank then sends the application with the purchase amount to the Central Bank via the RTGS electronic payments system on the same day of purchase. In return, the buyer will receive a receipt for the purchase amount he paid until the bond is prepared, and after a period not exceeding a week, the buyer brings the receipt to the same bank to receive the bond.

● We invite all citizens, investors and companies to participate by subscribing to this issue of government bonds.

● The bonds offered are tradable on the Iraq Stock Exchange.

● Advantages of subscribing to government bonds:

Guaranteed return: The government is committed to paying the annual interest and the value of the bond when it matures.

Safe investment: Government bonds are considered one of the safest investments, as investors enjoy the government's guarantee.

Contribution to the development of the national economy: The subscription funds contribute to financing economic development projects and achieving financial stability in the country.  link