Iraq to use bond proceeds for projects
DUBAI, September 9, 2015
Iraq will use the proceeds of an international bond issue to fund salaries as well as infrastructure projects in the oil and gas, electricity and transportation sectors, according to a prospectus seen by Reuters on Wednesday.
Baghdad wants to raise up to $6 billion in a series of US dollar bond sales, though the first issue is expected to be small. The government will start a week-long roadshow on Thursday in Europe and the US. - Reuters