NO. 36


Financial and Banking News

Loans & Issues

Jordan and Egypt Plan to Issue Foreign Currency Bonds

The Egyptian and Jordanian governments, which both suffer from a lack offoreign exchange, have announced plans to issue foreign currency bonds. AJordanian Central Bank official said on 5 June that his country would beaiming its new bonds at expatriate Jordanians working in the Gulf, and that themoney raised would be used to buy back some of Jordan's external debt. The...