I personally thought the ' pomegranate munchers' was a goodun'
I was looking at how the hell the KRG could pay GKP, assuming they carry on err 'borrowing' (cough) our oil, and they are relative experts in this particular fruit. That got me wondering, how many tonnes we could collectively buy through their Pomegranate committee, sell on to Tesco at a small profit, whilst at the same time raising our share price.
Quite complex I agree, but I can't see anyone else, in the KRG, or our own BoD having a better idea to be honest.
"For this bond auction to be successful imho the Kurds must indicate they are trying to pay their financial commitments to third parties. The only way to demonstrate this at present would be another payment to the oil companies...."
say the will do something, then when we get to the deadline they say the will do something, then when we get to the deadline they say the will do something.... then long time after when we get to the deadline they say the will do something........... conclusions: KRG and Baghdad politicians can not find their ar.e even if they use both hands
Reuters Mon Jun 22, 2015 11:35am BST UPDATE 1-Kurdistan hires banks to arrange bond roadshow in London (Adds context)
LONDON, June 22 (IFR) - A new name is poised to enter the international bond markets after the Kurdistan Regional Government announced it is meeting investors in London this week, with an eye to a "potential transaction in the near future."
The announcement, made on the government's official website, added the meetings would be arranged by Deutsche Bank and Goldman Sachs.
These two banks first introduced KRG officials and fund managers last October. At the time the Kurdish delegation, led by the deputy prime minister, was sounding out investors about a potential debt financing, although a number of grey areas needed to be clarified.
But the passage of a law to raise funds through borrowing means the KRG is now in a position to issue in the capital markets.
Kurdistan, a semi-autonomous region of northern Iraq, needs money to meet a growing security bill, pay public-sector employees and fund much-needed infrastructure development.
(Reporting By Michael Turner; Editing by Sudip Roy, Julian Baker)
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