Jordan pumps USD500mn Eurobonds
28 Apr 2017
(MENAFN) The Ministry of Finance proclaimed that it had issued USD500mn worth of Eurobonds on global markets with w yield rate of 5.875 percent.
Last year, the underwriting apps for the bonds reached more than USD1.7bn or more than 300 percent of the issuance value.
Additionally, almost 150 major investment funds from the U.S., the UK, Asia and Arab Gulf nations collaborated in the underwriting.
Accordingly, the successful issuance reflects the kingdom’s efforts to attract investments, boosting investor confidence in the Jordanian economy and boost the government’s drive towards fiscal reform.