Jordan Sold $750 Million of 5-Year Bonds, Finance Minister Says

Jordan sold $750 million of five-year bonds paying a coupon of 3.875 percent, Finance Minister Mohammad Abu Hammour said in a phone interview today.

The government increased yesterday’s sale from an initially planned $500 million as investors demanded four times the amount of securities on offer, Abu Hammour said. The sale was managed by JPMorgan Chase & Co., Credit Suisse Group AG, HSBC Holdings Plc and Jordan’s Arab Bank Plc.

To contact the reporter on this story: Massoud A Derhally in Beirut, Lebanon at mderhally@bloomberg.net

To contact the editor responsible for this story: Ben Holland at bholland1@bloomberg.net

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