Jordan chooses banks for bond issue

Published: August 20, 2010

JP Morgan, HSBC and Credit Suisse reported to be selected.

Jordan is selecting JP Morgan, HSBC, Credit Suisse and Arab Bank, among others, to manage the sale of a US$500mn eurobond, according to newswire reports quoting finance minister Mohammad Abu Hammour.

The government is expected to offer five-year bonds before the end of the year in a move hoped to fund its budget deficit.