Gov’t to Borrow USD1b in Eurobonds Internationally

تم نشره في Mon 25 September / Sep 2017. 12:00 AM
  • Ministry of Finance building in Amman - (Archives)

AMMAN —AlGhad— The government intends to borrow USD1 billion from the global financial market to cover its financial requirement for the current year, 2017, by offering Eurobonds at USD500 million each, and a return interest rate of 5.875 per cent, a Ministry of Finance source told AlGhad.

The source, who preferred anonymity, said that the delegation, led by Ministry Secretary General, Ezzildin Kanakryeh, intends to issue a second bundle of 10-year maturity bond, this year, soon.

Notably, according to the Finance Ministry’s bulletin, public debt in the first six months of 2017 stands at JOD26.47 billion, around 94.4 per cent of the estimated GDP, in H1-2017.

Generally, the public debt to GDP rate is not expected to decline from its 2016 levels, by the end of the year.