Treasury Bonds Down 24% in 10 Months of 2017

تم نشره في Mon 6 November / Nov 2017. 01:00 AM
  • Central Bank of Jordan (CBJ) Building, Amman - (Archives)

AMMAN —AlGhad— The overall value of Treasury bonds sold by the Central Bank of Jordan (CBJ) has declined by JOD940 million in the first 10 months of the year, 2017, approximately 24.3 per cent, to JOD2.92 billion by end of October, as opposed to JOD3.86 billion in 2016, according to the Finance Ministry’s bulletin.

The latest bonds issuance was in October, at a total of JOD20 million for two issuances, the first with a 3-month maturity and a 2.99 per cent interest, and the second at 3.22 per cent interest and a 6-month maturity.

Nonetheless, net domestic debt seems to have increased to JOD14.649 billion during the first nine months of the current year, compared to JOD13.78 billion in 2016.

Meanwhile, the Ministry announced the issuance of Euro-Bonds at a total debt value of one billion US dollars and 7.375 per cent interest, payable in 30 years.

Earlier in April 2017, the government also issued USD500 million worth of Euro-Bonds at a return rate of 5.875 per cent.

The point of the issuances is to diversify debt, extend maturity and minimise domestic debt monopolisation risks, according to the ministry.