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| 11 June, 2018

Jordan Eurobonds rise after $2.5bln Gulf aid pledge

Jordan's Eurobonds jumped to their highest in a week on Monday after Saudi Arabia, Kuwait and UAE pledged aid to the kingdom

An employee counts Jordanian dinars at the Jordan Dubai Islamic Bank head office in Amman July 8, 2010.

An employee counts Jordanian dinars at the Jordan Dubai Islamic Bank head office in Amman July 8, 2010.

REUTERS/Ali Jarekji

LONDON  - Jordan's Eurobonds jumped to their highest in a week on Monday after Saudi Arabia, Kuwait and the United Arab Emirates pledged $2.5 billion of aid to the kingdom which has been rocked recently by protests sparked by austerity measures.

The 2047 bond JO157795031= added 2.05 cents to trade at 93.37 cents, while the 2026 JO111727988= and 2027 JO140577022= issues also rose more than 1 cent, Thomson Reuters data showed. 

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(Reporting by Karin Strohecker; editing by Sujata Rao) ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.com@reuters.net))