London Stock Exchange welcomes The Hashemite Kingdom of Jordan $1.75bn dual-tranche bond listing on the Main Market

London Stock Exchange today welcomes the Hashemite Kingdom of Jordan placing its US$500m 4.95% due July 2025 and US$1.25bn 5.85% due July 2030 dual-tranche benchmark Eurobonds to the London Stock Exchange’s Main Market. The deal was more than 6 times oversubscribed, receiving bids in excess of $6.25bn.

The Kingdom intends to use the net proceeds of the issue of the Notes to finance the budget deficit, refinance maturing debt including the U.S.$1.25bn 2.503% Notes due on 30 October 2020 and increase its foreign reserves in light of the Covid-19 pandemic.

Dr Robert Barnes, Global Head of Primary Markets and CEO Turquoise, LSEG, commented 

“We congratulate the Hashemite Kingdom of Jordan on the listing of its US$1.75bn dual-tranche international bond on London Stock Exchange. Capital markets continue to play a key role in supporting countries and companies across the globe, as they respond to the economic and social impacts of COVID-19.”

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
-
Listing/Admission to trading
07 Jul 2020
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