No 27



JPMC To Issue $57Mn In Bonds

The Jordan Phosphate Mines Company (JPMC) is to issue twobonds of a total value of JD40mn ($57mn) in Jordanian dinarsand US dollars to partially repay a $100mn bond issued in 1997 which matures inAugust. The issue, which will be managed by Jordan Investment Trust (Jordinvest), is expected in mid-July and will be listed onthe 'Amman Stock Exchange. The JD issue will bear a fixed interest rate of 8%,while the dollar issue will bear a...