VOL. XLV

No 24

17-June-2002

JORDAN

Jordan Telecom ToIssue $34Mn In Bonds

Jordan Telecom is planning to issue JD24mn ($34mn)worth of bonds this month, according to Jordan Investment Trust (Jordinvest), which will act as underwriter along withDubai痴 Shuaa Capital and Kuwait痴 Gulf Invest. Thebonds, which will carry a 6-7.25% interest rate in the first five years and afloating rate for the remaining three years, will be used by Jordan Telecom toexpand the operations of MobileCom and the company痴other...