Sep 12 2012
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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.
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