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Jordan to issue $1.5 bln US backed euro bonds in second-half June

Finance Minister Umayya Toukan said the kingdom would also tap markets in the last quarter of 2015 to raise another $500 million, without U.S. guarantees, to meet the kingdom's financing needs.

AMMAN, May 31 (Reuters) – Jordan has signed an agreement with Washington to raise $1.5 billion in the second half of June through the sale of U.S backed bonds that will allow the kingdom to access global debt markets at cheap rates, the country’s finance minister said on Sunday.

Finance Minister Umayya Toukan said the kingdom would also tap markets in the last quarter of 2015 to raise another $500 million, without U.S. guarantees, to meet the kingdom’s financing needs.

He was speaking to reporters on the sidelines of the signing ceremony where Prime Minister Abdullah Ensour was present.

(Reporting by Suleiman Al-Khalidi. Editing by Jane Merriman)