VOL. XL No. 2019-May-1997
JPMC To Issue First Corporate Eurobond
The Jordan Phosphate Mines Company (JPMC) plans to issue a $100mn eurobond, inwhat will be Jordan's first corporate bond issue, to raise financing for a$250mn project to expand the firm's major Shidiyah mine. The pricing andmaturity of the issue are still undecided. Jordanian banks, lead-managed by ArabBank, are expected to underwrite as much as 50% of the issue. In addition, seveninternational banks have been shortlisted to...