Don't WAIT!

Wednesday, September 2, 2015

Tidbits From KTFA Members Wednesday Afternoon

KTFA:

PDids:
  A little clarity from someone would help as my own notes that I have taken from previous CC state that the RI or RV or some increase in value of the Iraqi Dinar WOULD NEED TO OCCUR PRIOR to any International Bond Sale taking place or why would any Country or large Corporate entity invest in 1186 merely on someone's word who has not been very good at keeping it .

Even Randy in this mornings Summary of his indicates that in his opinion these Bonds mentioned in the article below will be grabbed within moments of being offered this coming weekend.

So my QUESTION IS why in the opinion of DELTA AND FRANK are we waiting until OCTOBER if they have always stated that the RATE WOULD NEED TO PRECEED THE SALE OF THE BOND?
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Frank26:  With us and You Friend ............ Many unopened files will be shared with You tonight.

i invite You to come.


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Walkingstick:  Iraq displays sovereign bonds for sale

2/9/2015 0:00

BAGHDAD Alaa al-Tai

scheduled to travel a senior government delegation, including ministers, officials and experts in the financial and economic affairs, next week, to the United States and Britain to discuss the issue of Iraq sovereign bonds, and to explain the ability of the country to fulfill its obligations to investors who Septaon those bonds and Atdaolunha in markets Alaalmih.ocd high-level government source, who preferred anonymity, said in an interview singled out the "morning" that a government delegation will travel next Monday, accompanied by a credit rating talks team, to the United States and the UK to clarify Iraq's ability to fulfill its obligations to investors who Septaon Sindh Iraqi and international promotion, in a move that serve the welfare of economic reform measures and to maximize state revenues.

The source said, "The delegation will include government and finance ministers, oil and Governor of the Central Bank and the consultants and experts in economic and financial Shan officials to discuss the process of issuing sovereign government bonds in the global financial market."

The source noted, that the Iraqi government delegation held talks in Turkey during last June in order to promote Sovereign bonds to be issued by Iraq, stressing that the delegation held meetings with representatives of international banks also reviewed the financial and economic, political and security of Iraq report. The source said that the talks with my company has a credit rating and the International Tribunals "Modiner and Fitch" in order to determine the credit rating of Iraq in the international capital market, also held talks with British companies rating and contacts to get a credit rating. The source indicated that Iraq's current credit rating within the group (B), noting that the delegation will explain the possibilities and Iraq's oil export.
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Walkingstick : 
Iraq poised to meet investors ahead of crucial bond sale - IFR
BY MICHAEL TURNER

LONDON, Sept 2 (IFR) - Iraq plans to begin marketing a new Eurobond following the Labor Day holiday in the U.S., according to several sources, as the sovereign hopes to issue in the capital markets for the first time in nearly a decade.

Representatives from the country are expected to meet investors across the U.S. and Europe ahead of the deal, which is likely to be unsecured.

Citigroup, Deutsche Bank and JP Morgan will be the lead managers, the sources said.

The U.S. Labour Day holiday is on Sept. 7.

The sovereign is seeking to raise up to US$6 billion through bond sales to relieve the pressure of low oil prices on state finances, though sources indicate this first deal will be much smaller.

Last month Iraq received its first international credit rating after Fitch assigned a B- rating with a stable outlook, six notches below investment-grade.

In its assessment Fitch cited political risks and insecurity that are among the highest faced by any sovereign rated by the agency.

Iraq last issued an international bond in January 2006. That US$2.66 billion 5.80 percent deal matures in January 2028. The note is trading at a cash price of 75.50, according to Thomson Reuters, to yield 10.23 percent.

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Dnari131:
  DEFINITION OF 'EUROBOND

A bond issued in a currency other than the currency of the country or market in which it is issued.

BREAKING DOWN 'EUROBOND'

Usually, a eurobond is issued by an international syndicate and categorized according to the currency in which it is denominated. A eurodollar bond that is denominated in U.S. dollars and issued in Japan by an Australian company would be an example of a eurobond. The Australian company in this example could issue the eurodollar bond in any country other than the U.S.

Eurobonds are attractive financing tools as they give issuers the flexibility to choose the country in which to offer their bond according to the country's regulatory constraints. They may also denominate their eurobond in their preferred currency. Eurobonds are attractive to investors as they have small par values and high liquidity.  

Read more: Eurobond Definition | Investopedia
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Aggiedad77» September 2nd, 2015 Hello Family......two points.......

First with regard to the CC tonight.....I see several of you found the elusive post that I missed....thank you.....but remember patterns......it's just not the norm for Frank to put the IQD ahead of the Bio Cell/Jusuru meeting....but maybe tonight is even than "educational" as he pointed out.....maybe it's IMPORTANT....now I'm excited.

Second....regarding the bonds.....the Iraqis were a bit cagey I think.....they said after Labor Day here in the US....but what they failed to convey is when after Labor Day....what day.....my guess is it won't be immediate.....after all the entourage and credit negotiating team that is coming to the UK and the US won't be heading this way until Monday I believe.....and everyone knows how they work by now.....they travel to have these meetings and maybe negotiate some special rating....

Then they need to go back and throw it around between PM Abadi and the COM and the Parliament and their subcommittees and the Iraqi religious clerics.....get the picture that is forming ever so vaguely here.....it could still take a while.....but...and it's a bit BUT....maybe we will hear some news on this action during the CC tonight.....stay tuned.

Oh and thanks again to those who did find Frank's post for me.....much appreciate the detective work on that....teamwork!!     Aloha    Randy

JDTolle:  » September 2nd, 2015, Feel your new strength

Over the last few weeks and months, you have grown stronger. Today, feel your new strength.

In living your life, in meeting the challenges, you have learned and experienced, become more capable and effective. Step back, look at yourself objectively, and see how those new capabilities can be put to good use.

The future is bright because of the effort you’ve put forth to work through the past. Every challenge you’ve encountered has left you with new, positive possibilities.

Feel your new strength, and feel the urge that grows within you to put that strength into action. Remind yourself of what matters to you, and see new, creative ways to expand life’s goodness.

Once, you had great dreams, goals and ambitions, and you still do. Now, you are stronger and more capable of reaching them than ever before.

Feel your new strength, and feel the fresh new desire it gives birth to, the desire to make a difference. With purpose, passion, and an inspired love for life, put that desire into action.

Ralph Marston  Wishing All a safe and blessed day  JDT

P.S. Nothing would be done at all if a man waited until he could do it so well that no one could find fault with it.-- Cardinal Newman



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