UPDATE 1-Iraq plans $2 bln bond issue, Trade Bank of Iraq to establish Saudi branch

UPDATE 1-Iraq plans $2 bln bond issue, Trade Bank of Iraq to establish Saudi branch:

"Iraq is planning a $2 billion sovereign bond issue in 2018, the central bank governor said on Sunday, after the country successfully returned to the international debt market by selling a $1 billion bond in August. “The economy is seeing a recovery with the increase in oil prices and measures of the government on financial consolidation,” Ali Ismail al-Alak told Reuters after the opening of Trade Bank of Iraq’s representative office in Abu Dhabi. On the sovereign bond, he said: “It is in process, awaiting parliament approval. It is to cover the budget deficit.”"



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