LONDON - Sovereign dollar-denominated bonds issued by Iraq gained after the country requested emergency assistance from the International Monetary Fund (IMF).

The 2023 bond rose 0.845 cents, its best daily gain since early November, to trade at 97.458 cents in the dollar, according to Tradeweb data.

On Sunday, the IMF said Iraq has requested assistance and added talks are ongoing between the parties, confirming earlier comments from Finance Minister Ali Allawi to Bloomberg News that the country was in talks for a $6 billion loan package from the fund.  

 

(Reporting by Karin Strohecker; Editing by Tom Arnold) ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.com@reuters.net))