Launch of National Bonds Aimed at Boosting Local Investment
The Federal Ministry of Finance has officially announced the introduction of national bonds, marking the first edition available for public subscription. This initiative, which has a total value of one trillion Iraqi dinars, will be open for investment from February 10 to March 10, 2025.
The Ministry highlighted that the issuance of these bonds is part of a broader strategy to promote local investment while providing citizens and investors with viable tools for savings.
According to the announcement, the bonds will be offered in two distinct categories: The first option features bonds valued at 500,000 dinars, offering an annual interest rate of 6%, with a maturity of two years and interest payments scheduled every six months. The second bond will have a maturity of six months.
Notably, these bonds are designed to be tradable on the Iraq Stock Exchange, thereby presenting a lucrative investment opportunity for both individual investors and corporations in search of stable financial instruments.
The bond offering is in accordance with Article 77 of the Federal Public Budget Law No. 13 for the years 2023, 2024, and 2025. The primary objectives are to reinforce the national economy and bolster confidence in the Iraqi financial system, as conveyed in the official statement from the Ministry.