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Jordan plans $300-500m bond

17 June 2010

Jordan's finance minister has said the kingdom is in talks with global banks over the issuance of its first ever $300m-$500m sovereign Eurobond in capital markets to help it cover part of its budget deficit, Reuters has reported. "We are planning a Eurobond issue soon, within two to three months, and are seeking formal offers from at least six or seven banks whom we have met and who have shown a great deal of interest," Mohammad Abu Hammour told the news service. "The present conditions in capital markets are conducive with lower interest rates, which shows that the time is suitable to benefit from this now."

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