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Latest News

Jordan sets dlr bond yield guidance around 4.25 pct-lead

The bond will be priced later on Monday-says lead.

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November 8, 2010 2:31 by



Jordan has set yield guidance on its debut benchmark dollar bond in the 4.25 percent area for a five-year issue, a source at one of the lead managers said on Monday.

Initial price talk was for a yield in the “low 4 percent” area, and the size is likely to be $500-750 million, banking and fund management sources said. One of them said final pricing was likely to be between 4.125 and 4.375 percent.

The bond will be priced later on Monday, the lead management source added.

Lead managers are Arab Bank, Credit Suisse, HSBC and JPMorgan.

(Reporting by Carolyn Cohn; editing by Jeremy Gaunt)



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