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Iraq dollar-bonds fall nearly 1 cent as tensions with Kurds escalate
October 16, 2017 / 8:21 AM / a month ago

Iraq dollar-bonds fall nearly 1 cent as tensions with Kurds escalate

LONDON, Oct 16 (Reuters) - Iraq’s dollar bonds fell on Monday as tensions between Baghdad and the Kurdistan Regional Government (KRG) escalated in the region of Kirkuk.

The 2028 sovereign bond fell almost 1 cent to a 2-1/2 month low and the 2023 bond fell 0.9 cents to a record low, according to Thomson Reuters data.

The Iraqi government and the KRG have been at loggerheads since a Sept. 25 Kurdish independence referendum, rejected as illegal by Baghdad. (Reporting by Claire Milhench, editing by Karin Strohecker)

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