VOL. XLV

No 1

7-January-2002

JORDAN

Jordanian Banks Provide $65MnGuarantee For Gas Purchase From Orient Gas Company

A consortium of four Jordanian banks led by ArabBank has signed an agreement with the Jordanian Ministry of Finance to secure a$65mn bank guarantee for the purchase of gas from Egypt痴 Orient Gas Company.The $65mn is a fixed amount, priced at 40bps per annum, and is to be providedover a one-year period, although the time frame may be extended if needed, MEES understands. The...