Iraq to return to international bond markets - FT.com:
"Iraq is returning to international bond markets for the first time since the end of the US occupation as volatile oil prices weigh heavily on the country’s finances.
The success of Baghdad’s first issuance, expected as early as this week, is likely to hinge on whether the US Federal Reserve will raise short-term interest rates on Thursday.
Investors said Iraq’s plans to raise up to $6bn via a number of bond issues will bear the brunt of a shift in sentiment away from emerging markets if the Fed raises rates, with both the World Bank and International Monetary Fund warning of possible turmoil."
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"Iraq is returning to international bond markets for the first time since the end of the US occupation as volatile oil prices weigh heavily on the country’s finances.
The success of Baghdad’s first issuance, expected as early as this week, is likely to hinge on whether the US Federal Reserve will raise short-term interest rates on Thursday.
Investors said Iraq’s plans to raise up to $6bn via a number of bond issues will bear the brunt of a shift in sentiment away from emerging markets if the Fed raises rates, with both the World Bank and International Monetary Fund warning of possible turmoil."
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