Treasury Bonds Down 21% in 11 Months

تم نشره في Sat 2 December / Dec 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 nearly 21 per cent during the first 11 months of the year, from JOD4.01 by end of November 2016 to JOD3.17 billion, according to the Finance Ministry’s bulletin.

The latest bonds issuance was on the 22nd of November, at a total of JOD100 million, payable in one month, at an interest rate of 2.854 per cent.

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.