Governments and companies in the Middle East are jumping on the bond bandwagon to take advantage of a wave of cheap credit and lock in lower interest payments. Jordan is preparing for an international bond launch this year, the prime minister Abdullah Ensour told Bloomberg News this month, having passed a law last year paving the way for sovereign sukuk sales.
Jordan was in need of international funding to close a yawning deficit that has grown worse after the Arab Spring, said Mathias Angonin, an associate analyst at Moody’s Investors Service………………………………………..Full Article: Source