Jordan to issue $1 bn in Eurobonds

Jordan to issue $1 bn in Eurobonds

5Amman, April 7 (IANS) Jordan will issue $1 billion in Eurobonds before June, as the country seeks to benefit from the present low interest rate, the government said Sunday.

The US-guaranteed Eurobonds will be issued in international markets as the interests rates are likely to increase in the second half of this year, Finance Minister Umayyah Touqan said.

Early this year, US President Barack Obama met with visiting King Abdullah II of Jordan during which Obama pledged $1 billion in loan guarantees for Jordan, a key Arab ally to the US in the Middle East.

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