Monday, May 13, 2019
Amman, May 2019
Al Mawared successfully completed structuring and placing the issue of a JOD 3 million one year corporate bond issued by Al Imdad, a Jordanian supply chain financing services company, which is part of INVESTBANK Group
The bond was issued at a coupon rate of 7.25% payable semiannually
Since the beginning of 2018, Al Mawared has acted as advisor and placement agent to four corporate clients, providing them with around JD 19 million (USD 26.6 million) in funding, in the form of private equity investments and corporate bonds.
.Al Mawared is a wholly-owned subsidiary of INVESTBANK
