By Mary-Katherine Stinson
Lexington, Ky., April 13 – The Hashemite Kingdom of Jordan priced $1.25 billion of 7½% series 2 notes due Jan. 13, 2029 (B1/B+/BB-), according to a pricing supplement.
The syndicated Rule 144A and Regulation S notes priced at 98.806 to yield 7¾%.
The notes are non-callable.
Citigroup Global Markets Ltd., Goldman Sachs International and HSBC Bank plc are the joint lead managers on the deal.
The proceeds are intended for permitted purposes under Jordanian public debt management law.
| Issuer: | Hashemite Kingdom of Jordan
|
| Amount: | $1.25 billion
|
| Issue: | Senior notes
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| Maturity: | Jan. 13, 2029
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| Bookrunners: | Citigroup Global Markets Ltd., Goldman Sachs International and HSBC Bank plc
|
| Counsel to the issuer: | Dechert LLP and Khalifeh & Partners Lawyers CPSC
|
| Counsel to underwriters: | Davis Polk & Wardwell London LLP and Ali Sharif Zu-bi Advocates & Legal Consultants
|
| Coupon: | 7½%
|
| Price: | 98.806
|
| Yield: | 7¾%.
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| Call features: | Non-callable
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| Pricing date: | April 11
|
| Settlement date: | April 13
|
| Ratings: | Moody’s: B1
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| S&P: B+
|
| Fitch: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| ISINs: | XS2602742285, US41809JAB17
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