VOL. XL

No. 25

23-June-1997

JORDAN

HSBC To Lead-Manage JPMC Eurobond Issue

HSBC Markets announced on 17 June that it has been awarded the mandateto lead-manage the Jordan Phosphate Mines Company (JPMC) $100mn eurobond (MEES, 19May). The five-year Floating Rate Notes (FRNs) will be raised to finance a $250mn projectto expand the firm's major Shidiyah mine. Seven banks had been shortlisted to lead-managethe international portion of what will be Jordan's second corporate eurobond - the firstwas a...