iraqi bonds

Tags: iraq, finance

• Iraq has asked for deferrals on ~546 MM in loans
• Eurobonds yields average 15.7% as of May 07, 2020
• Forcasted to contract by 9.7% in 2020 - World Bank, with budget shortfall 22% of GDP
  • Grew 4.4% in 2019
• http://www.clubdeparis.org/en/traitements/iraq-21-11-2004/en
  • Plan to restructure Saddam era securities in 2006
  • annual coupon of 5.8%
  • 6.25% of the total amount (168.75 MM) every 6 months, with first installment on July 15 2020
• FX reserves lay around $66 B