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Jordan is planning to launch a third Eurobond for $1bn, a source at the Ministry of Finance told the local press last week. The government, which expects to finalize the new bond in October, hopes to obtain the same terms for the new issue or better than those for the first two issues: the first for $1.25bn closed in October 2013, carried a coupon of 2.503% and is repayable in 2020; the second for $1bn closed in July, carried a coupon of 1.945% and is repayable in 2019.
Amman obtained favorable terms for its first two bond issues thanks to US loan guarantees which secure both principal and interest (MEES, 13 June). (CONTINUED - 385 WORDS)