Jordan Investment Trust P.L.C. (Jordinvest), one of the leading providers of comprehensive merchant, investment and financial services locally and regionally, announced the maturity of bonds issued by Orange Jordan in 2002 at a value of JD 25 million. Jordinvest acted as an issue manager during 2002, in addition to acting as the issuer and custodian throughout this period for local and regional individual and corporate investors.
Jordinvest has successfully managed and provided all issue manager and custodian-related services which included finalizing all legal and technical requirements for issuing and registering bonds at the Jordan Securities Commission, in addition to the preparation of the prospectus. Jordinvest also served as the custodian, maintaining a record of bondholders, managing reports and settlements for bond owners, in addition to ensuring the payments and redemptions of the bonds. It is worth noting that Jordinvest ensured that all bond owners received their allotted payments on time and without any delay after receiving it on due dates and according to prospectus details from Jordan Telecom group.
Mr. Ahmad Tantash, CEO of Jordinvest stated, “We are happy to cooperate with Orange Jordan - a leading and pioneering company in its field, which reflects our commitment in supporting the Telecommunications sector, one of the key pillars of the Jordanian economy.
He added, “Offering issue manager and custodian services plays an extremely important role in financial securities investments, especially that it caters to different needs of investors. We are committed to continually provide such services in local and regional markets, in addition to enhancing our services to ensure that we are up to par with the developments taking place in the financial sector across the region.”
Ms. Nayla Khawam, CEO of Orange Jordan, expressed her deep appreciation for the efforts exerted by Jordinvest to provide highly-professional and efficient services. She stated, “We consider this achievement as an important milestone in diversifying financial resources utilized in investment and projects necessary for Orange Jordan business growth, which we are confident that it will produce the positive results intended, aiming at propelling the Group's competitiveness level to the desired place in the field of advanced and integrated telecom services introduction, of which 3G+ services, offered exclusively by Orange Jordan, take a leading position. We look forward to further cooperation with Jordinvest due to their professionalism and outstanding service”.
Jordinvest established its operations in the Jordanian market in 1998 as the first Jordanian public shareholding company to offer its clients a variety of integrated investment banking services in domestic, regional and international markets. Its services are primarily focused in asset management and financial advisory services, and include corporate restructuring, debt and capital raising, privatization operations, managing public offerings, issuing bonds, mergers and acquisitions, and conducting in-depth specialized economic, sectoral and equity research.
