VOL. XL

No. 22

2-June-1997

JORDAN

Jordan Sovereign Bond Issue

Jordan is set to make its debut in the Eurobond market before the end of theyear in order to set a benchmark for a series of upcoming issues by Jordanian corporates. Mr. MichelMartu, the deputy governor of the Jordanian Central Bank, said at a conference in London on 15 Maythat the Kingdom will borrow $75mn and that the cash will be used to support the reservesof the Central Bank. The sovereign issue may however be upstaged by Jordan...