Government Securities Auctions:

Announcement     

       Please be informed that the Ministry of Finance cancelled the auction of T/b no. (76) Dated 11/2/2008 because the participant of auctioneers are very few and little amounts offered by the participant banks. 

                                                                                                                         Act. Counsellor

                                                                                                                       Hassen –AL Haidary

                                                                              Announcement     

        The MOF decided to cancel the auction of T-bills No (56) of 19/3/2007 amounting I.D (150) billion  because the discount rate 22% is very high.                                    

                                                                                                        Kassim H.Abdul Rasoul 

                                                                                                          Senior Manager 

                                                                                                                        Agreement & Loans 

                                                                                                                                19/3/2007                                                                                                                      

                                                                          Announcement     

        The auction of T-bills No (55) of 5/3/2007 amounting (150) bi I.D is cancelled by MOF because of  the discount rate is so high (22%).                       

                                                                                            Hassan H.AL  Haidary                                                                                                   D.G of Agreement & Loans                          

  6/3/2007                                    

 Announcement Number(82)

The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance, is authorized to conduct auctions for Government Debt Securities on behalf of the Ministry of Finance. The Ministry of Finance issues Government Debt Securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.

 To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [eleven a.m] in the morning after the close of the auction at [ten a.m]

Auction Number 82 of Government Debt Securities was a uniform price auction for ID 200.000.000.000 par value of Bills which concluded on 05-05-08. Total Public ID 117.500.000.000  Valid competitive bids totaled ID 117.000.000.000 and valid non competitive bids totaled ID 500.000.000 and the cutoff yield( the highest yield of a successful bidder) determined by auction was 18.00%.

       Government Securities Auctions:

Announcement Number(A5)

The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance, is authorized to conduct auctions for Government Debt Securities on behalf of the Ministry of Finance. The Ministry of Finance issues Government Debt Securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.

 To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [1 p.m] in the morning after the close of the auction at [12 a.m]

Auction Number A5 of Government Debt Securities was a uniform price auction for ID 150.020.000.000 par value of Bills which concluded on 27-03-06. Total Public  ID 171.500.000.000  Valid competitive bids totaled ID 169.000.000.000 and valid non competitive bids totaled ID 2.500.000.000 and the cutoff yield      ( the highest yield of a successful bidder) determined by auction was 8.50%.

Government Securities Auctions:

Announcement Number(B2)

The Ministry of Finance is authorized under the Public Debt Law to issue obligations guaranteed by the Government of Iraq. The Central Bank of Iraq, as fiscal agent of the Ministry of Finance, is authorized to conduct auctions for Government Debt Securities on behalf of the Ministry of Finance. The Ministry of Finance issues Government Debt Securities to finance the Government of Iraq, subject to the limits of the Annual Budget Law.

 To achieve this financing objective, the Ministry of Finance determined a system and mechanism for Government Debt Securities auctions that will be held periodically, with the results announced at [ eleven a.m ] in the morning after the close of the auction at [ ten a.m ].

Auction Number B2 of Government Debt Securities was a uniform price auction for ID 150.020.000.000 par value of Bills which concluded on 06-03-06. Total Public  ID 205.990.000.000  Valid competitive bids totaled ID 203.990.000.000 and valid noncompetitive bids totaled ID 2.000.000.000 and the cutoff yield     ( the highest yield of a successful bidder) determined by auction was 8.30%.