Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

CAPITAL MARKETS

Jordanian Company Issues Fixed Coupon Dollar Bond

Middle East Complex For Engineering, Electronics & Heavy Industries (MEC) has become the first Jordanian company to issue a fixed coupon dollar bond on the Amman Stock Exchange after it signed a bond management agreement with Atlas Investment Group, which is Arab Banks investment banking arm. Under the terms of the deal Atlas is structuring and distributing the $20mn bond...