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By Robert Hogg
Oct 24 (IFR) - The Hashemite Kingdom of Jordan (B1 stable/BB- negative) has launched a US$1bn January 2027 bond at 5.8%, the tight end of final guidance, according to a lead.
The sovereign started marketing the deal at low 6%, before setting guidance at 6.125% area, and final guidance at 5.85% area (+/-5bp), to price in range.
Books were in excess of US$4.3bn at the last update.
Citigroup and JP Morgan are joint bookrunners on the 144A/Reg S trade, which is pricing today.
(Reporting by Robert Hogg; editing by Sudip Roy) ((Robert.Hogg@thomsonreuters.com; +44 207 542 9077;))
Oct 24 (IFR) - The Hashemite Kingdom of Jordan (B1 stable/BB- negative) has launched a US$1bn January 2027 bond at 5.8%, the tight end of final guidance, according to a lead.
The sovereign started marketing the deal at low 6%, before setting guidance at 6.125% area, and final guidance at 5.85% area (+/-5bp), to price in range.
Books were in excess of US$4.3bn at the last update.
Citigroup and JP Morgan are joint bookrunners on the 144A/Reg S trade, which is pricing today.
(Reporting by Robert Hogg; editing by Sudip Roy) ((Robert.Hogg@thomsonreuters.com; +44 207 542 9077;))
