"Jordan plans to raise as much as $2 billion in bonds backed by the U.S. government this year as the Arab country seeks to shore up public finances amid an increasing influx of refugees from war-ravaged Syria.
The kingdom is working with a syndicate of banks and aims to access the market before the end of the year, Finance Minister Umayya Toukan said yesterday, declining to identify the banks. The U.S. guarantee has helped Jordan’s $750 million Eurobonds due 2015 rally to a record this month, according to data compiled by Bloomberg.
“That’s the least expensive source of financing the budget deficit,” Toukan, who was appointed to his current post March 30, said in an interview at the World Economic Forum in Jordan. The issuance will be $1.5 billion to $2 billion, he said."
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