Iraq Issues $1 Billion Bond With US Guarantee

The United States has guaranteed $1 billion sovereign bond issued by the government of Iraq, the US Department of the Treasury said in a release on Wednesday.

WASHINGTON (Sputnik) — According to the release, a  Iraqi sovereign bond is backed by a 100 percent guarantee by the United States government.

"Today’s issuance of a $1 billion, five-year Iraqi sovereign bond on international markets is backed by a 100 percent guarantee by the US government of the repayment of principal and interest, and was priced at a coupon rate of 2.149 percent," the release stated.

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