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Jordan to sell bonds
- Jordan: Wednesday, January 30 - 2013 at 07:08
Jordan is set to tap the bond market for the first time in more than two years, as the kingdom struggles with a cut in foreign aid, a rising energy bill and an influx of Syrian refugees, Bloomberg has reported. "The country has been hit by external factors ranging from political tension, rise in energy prices and global economic slowdown," said Tariq Qaqish, deputy head of asset management at Al Mal Capital in Dubai. "A big factor would be the confidence of investors that the government is taking the right measures to narrow the deficits," he said. The country is preparing to sell Eurobonds early this year, prime minister Abdullah Ensour told the news service on January 16, without providing further details.
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