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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (50934)	1/23/2006 1:00:18 PM
From: shades	Respond to of 110194

DJ Italy's BNL Says Reaches Iraq Debt Restructuring Accord-2 . Rome-based BNL said it will receive newly-issued Iraqi government bonds for a nominal value of about $683 million. The new Iraqi bonds are issued in accordance with U.S. law, are negotiable, but won't be listed. After decades of sanctions, the bond issue will be a first step for Iraq to return to the international financial markets. The 20-year bonds will carry a 5.8% coupon per year, the Italian bank said in a statement. The new Iraqi bond issue is backed by the world's second-largest oil reserves.