November 3, 2015 / 2:33 PM / 2 years ago

Jordan launches US$500m January 2026 bond at a yield of 6.375%

LONDON, Nov 3 (IFR) - The Hashemite Kingdom of Jordan has launched a US$500m January 2026 bond at a yield of 6.375%, according to a deal lead.

This compares to initial price thoughts of 6.75% area, which were released earlier on Tuesday.

Allocations and pricing is expected later on Tuesday via deal leads Citigroup and JP Morgan.

Jordan is rated B1 by Moody’s and BB- by Standard & Poor‘s.

Reporting by Michael Turner; editing by Alex Chambers

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