Dana Gas Restructures $1bn Bond to Avert Asset Seizure
By John Lee. Dana Gas, the Middle East’s first and largest regional private sector natural gas company, has announced that it has reached an in-principle agreement on the restructuring terms of the...
View ArticleGulf Keystone to Raise $250m Debt
Gulf Keystone has announced that it has mandated Deutsche Bank and Pareto Securities to arrange a series of fixed income investor meetings in the US, Europe and Asia commencing 20 March 2014. A debt...
View ArticleCiti to Advise on $2bn Loan for Boeing Jets
By John Lee. The Deputy Transport Minister, Bangen Rekani, has told Bloomberg that Iraq will seek $2 billion in financing to cover part of the cost of the 40 jets it has on order from Boeing. Iraq...
View ArticleGKP Arranges $250m Debt Financing
By John Lee. Gulf Keystone Petroleum (GKP) announced today that it has priced a debt offering of US$250 million. The privately placed debt securities, offered in accordance with Reg S/144A to...
View ArticleZambia Still Owes Iraq
By John Lee. The Zambian Secretary to the Treasury, Fredson Yamba (pictured), says Government has not serviced the US$296 million debt owed to Brazil, China and Iraq as at December 2012. According to...
View ArticleEgypt Forgives Iraqi Debt in Exchange for Oil
By Ayah Aman for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the opinions of Iraq Business News. Iraqi Prime Minister Haider al-Abadi’s visit to Cairo on...
View ArticleKRG to Enter Bond Market
By Simon Kent. After months of talks, the Kurdish Regional Government says it has authorisation from Baghdad to issue bonds, in a move aimed at easing growing financial pains in the semi autonomous...
View ArticleIraq Plans New Bond Issuance
By Simon Kent. Iraqi Central Bank Governor Ali Al-Alak has said that Iraq is issuing bonds to the value of around $2 billion in the next few months, following last year’s aborted issuance after...
View ArticleBondholders Take Control of GKP in $500m Restructuring
By John Lee. Gulf Keystone Petroleum (GKP) announced this morning that $500 million worth of company bonds are to be converted into equity, diluting current shareholders to a stake of just 5 percent of...
View ArticleIraq plans New Bond Issue in 2018
By John Lee. Following Iraq’s successful return to the bond markets earlier this year, it is now reportedly planning a $2 billion sovereign bond issue in 2018. The Governor of the Central Bank of Iraq...
View ArticleUnderstanding Iraq’s Debt
By John Lee. The Al-Bayan Center for Planning and Studies has just published a new report from our Expert Blogger Ahmed Tabaqchali. Entitled “Understanding Iraq’s debt: An overview of its status,...
View ArticleIraq Negotiates Debt Exemption
The Iraqi Foreign Ministry has signed a Memorandum of Understanding with the General Secretariat of the League of Arab States, which includes exempting Iraq from 75% of its debts within the support...
View ArticleHousehold Debt in Iraq: Borrowing in a Time of Crisis
1. EXECUTIVE SUMMARY This study seeks to better evidence and understand the scale, terms, sources, uses, and social dimensions of household debt within conflict-affected communities in northern Iraq,...
View ArticleTracing Iraqi Sovereign Debt
By John Lee. Simon Hinrichsen, a PhD student at the London School of Economics (LSE), has published an analysis of Iraq’s sovereign debt over the years. The full 51-page report can be downloaded here....
View ArticleCovid-19: Iraq asks IMF for Debt Deferment
From Middle East Monitor, under a Creative Commons licence. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq asks IMF for debt...
View ArticleDNO Completes $400m Bond Placement
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new five-year senior unsecured bonds with a coupon rate of 7.875 percent. The placement met strong...
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