Middle East Economic Survey

VOL. LIII

No 33

16-Aug-2010

MEES Agenda

Jordan Plans First Sovereign Bond Issue To Boost Finances

Jordan is planning its first ever sovereign bond issue to help shore up its finances. While the authorities are making progress on cutting the budget deficit by implementing severe spending cuts, the countrys economy was severely impacted by the global economic downturn.

'Amman plans to issue paper in the form of a five-year $500mn Eurobond and has shortlisted a handful of...