Iraq Weekly Status Report - US Department of State
Iraq Weekly Status Report - US Department of State
Iraq Weekly Status Report - US Department of State
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UNCLASSIFIED<br />
[5.] Help <strong>Iraq</strong> Strengthen Its Economy – Securities Markets<br />
Trading <strong>of</strong> <strong>Iraq</strong>i Bonds on the International Secondary Bond Market:<br />
• The following table shows the daily bond resale price and yield on <strong>Iraq</strong>i bonds issued January 20. The bonds were originally issued to<br />
approximately two-thirds <strong>of</strong> <strong>Iraq</strong>’s commercial creditors as part <strong>of</strong> a debt exchange arrangement as per Paris Club terms. <strong>Iraq</strong>’s commercial<br />
debt was approximately $22 billion before the debt-swap arrangement. The bonds, which are not yet rated, will mature in 2028. The bonds’<br />
current yield <strong>of</strong> 9.6 percent remains one <strong>of</strong> the highest in the world for sovereign debt instruments.<br />
Bond Price in <strong>US</strong>D<br />
$70.00<br />
$69.00<br />
$68.00<br />
$67.00<br />
$66.00<br />
$65.00<br />
$64.00<br />
$63.00<br />
$62.00<br />
Trading High = $73.98 (January 24)<br />
Trading Low = $64.66 (August 30)<br />
<strong>Iraq</strong>i Commercial Bond Sales<br />
June 1, 2006 - February 16, 2007<br />
1-Jun<br />
8-Jun<br />
15-Jun<br />
22-Jun<br />
29-Jun<br />
6-Jul<br />
13-Jul<br />
20-Jul<br />
27-Jul<br />
3-Aug<br />
10-Aug<br />
17-Aug<br />
24-Aug<br />
31-Aug<br />
7-Sep<br />
14-Sep<br />
21-Sep<br />
28-Sep<br />
5-Oct<br />
12-Oct<br />
19-Oct<br />
26-Oct<br />
2-Nov<br />
9-Nov<br />
16-Nov<br />
23-Nov<br />
30-Nov<br />
7-Dec<br />
14-Dec<br />
21-Dec<br />
28-Dec<br />
4-Jan<br />
11-Jan<br />
18-Jan<br />
25-Jan<br />
1-Feb<br />
8-Feb<br />
15-Feb<br />
February 21, 2007<br />
10.00%<br />
9.80%<br />
9.60%<br />
9.40%<br />
9.20%<br />
9.00%<br />
8.80%<br />
8.60%<br />
15 UNCLASSIFIED<br />
Yield Percentage
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