Jordan hires for dollar Eurobond

Mon Sep 24, 2012 4:11pm GMT
 

LONDON, Sept 24 (IFR) - The Hashemite Kingdom of Jordan, rated Ba2/BB, has hired Citigroup, HSBC and JP Morgan for a forthcoming dollar Eurobond issue, a source at the Finance Ministry told IFR.

The sovereign is seeking to raise a minimum of USD1bn and the deal is likely to come to market at the end of October or beginning of November.

The sovereign may also issue a sukuk next year, added the source. (Reporting By Davide Scigliuzzo)

Market Update

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.5596
Euro USD =1.2226
Rand USD =0.0865