By Robert Hogg
LONDON, Oct 2 (IFR) - The Hashemite Kingdom of Jordan has set the yield for a US dollar bond due October 2047 at 7.50%, according to a lead.
The deal’s size is expected to be US$1bn. The order books are about US$3bn.
The sovereign started marketing the notes with a yield in the high 7s.
The trade is today’s business via Citigroup and JP Morgan.
The sovereign is rated B1 by Moody’s and BB- by S&P. (Reporting by Robert Hogg; editing by Sudip Roy)