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Sep 12 2012

Jordan seeks $750 Mln-$1.5 billion eurobond -finmin

AMMAN, Sept 12 (Reuters) - Jordan is discussing with global banks the issuance of a seven to ten year $750 million to $1.5 billion sovereign Eurobond to help cover some of the cash strapped country's financing needs, the finance minister said on Wednesday.

"We have issued a number of invitations to several banks and international financial institutions to lead manage this eurobond," said Suleiman al-Hafez said in a statement.

A number of bids had been received by global banks and the government would announce the lead manager as a step to proceed with the bond offering, Hafez added, saying the government sought a seven to ten year issue.

(Reporting by Suleiman Al-Khalidi; Editing by Toby Chopra)

((suleiman.al-khalidi@thomsonreuters.com)(+962 79 5521407)(Reuters Messaging: suleiman.al-khalidi.reuters.com@thomsonreuters.net))

Keywords: JORDAN URGENT


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