Jordan issues Eurbonds worth $1.250 billion at coupon rate of 7.5%

The Ministry of Finance and the Central Bank of Jordan on Tuesday completed the issuance of Eurobonds in global markets, with a value of £1.250 billion, at a fixed coupon rate of 7.5 per cent, due in January 13, 2029.

In 2023, the Ministry of Finance managed to reduce the coupon rate by 25 basis points in comparison with 2022, when the coupon rate stood at 7.75 per cent, despite the US Federal Reserve raising interest seven times since the 2022 issue.

Finance Minister Mohamad Al-Ississ said that the issuance aimed for a subscription volume of £750 million, but offers submitted by investors amounted to more than £4.7 billion, six times the target volume.

“This is a testament to the market believing in Jordan’s transformation towards a prudent, equitable fiscal path in recent years,” Al-Ississ told The Jordan Times.

“A number of emerging markets were unable to issue Eurobonds in these global conditions, showcasing the real impact of maintaining macrostability,” the minister noted.

The number of subscribers exceeded 230, including some of the most important and largest global investment houses in the US, the UK Europe, Asia and the Gulf Cooperation Council countries.

Many investors praised the financial and monetary stability in Jordan despite the state of global economic instability during the previous years, which reduced the risk factor for Jordan and thus the interest of bonds.

Investors said that Jordan was able to fulfil its financial reform promises during the past years, which maintained economic stability.

Central Bank Governor Adel Sharkas indicated that the high demand for issuing Eurobonds reflects the confidence of international investors in Jordan’s stability and wise leadership, in addition to the solid fundamentals of the Jordanian economy, supported by its prudent fiscal and monetary policies.

This issuance comes within the financing budget included in the General Budget Law for the year 2023, which means that it will not go to furthering Jordan’s debt.

Tags:

adini-online listed on couponmatrix.ukhowletts-zoo listed on couponmatrix.ukmacback listed on couponmatrix.ukpando-ferries listed on couponmatrix.ukpetspyjamas-com listed on couponmatrix.uktrespass listed on couponmatrix.uk
adini-online listed on couponmatrix.ukOffering timelessly stylish clothing to suit every occasion, Adini Online has spent more than 40 years establishing itself as one of the UK’s leading suppliers of gorgeous, eye-catching designs. Make sure to shop with an Adini discount code if you fancy picking up some beautiful clothing and accessories at equally beautiful prices. Adini Online is all about dazzling colour, bold patterns and amazing designs, so try it out today and get a little more sunshine into your wardrobe.
howletts-zoo listed on couponmatrix.ukWelcome to Howletts Zoo, bringing the world's most loved animals to a conservation park near you. Set over 90 acres, Howletts provide an unforgettable experience for the whole family. Their list of animals include: African Elephants, Western Lowland Gorillas, Eastern Black Rhinos, and even Sumatran Tigers! With Howletts Zoo vouchers you can enjoy a day out for less. Check out the animals, or dare the Adventure Challenge set high in the trees with zip wires and rope swings, whatever you choose you'll have an amazing experience.
macback listed on couponmatrix.ukWhen an old Mac is no longer needed in your home, you can give it a second life whilst earning a pretty penny in return using Macback. A dedicated provider of mac trade-in services, Macback allows users to submit a comprehensive report of their MacBook’s condition within minutes. Be sure to use a Macback promo code once you’ve submitted your details to be offered an even better price on your old Apple tech. At Groupon, we know that students are constantly updating laptops to keep up with their workload, but affording a replacement is no easy feat for someone without a large fixed income. Luckily enough, Macback offers extra cash when trading with student shoppers to help them maintain their low-budget life. If you’re a student looking to sell your Mac, head over to the ‘Students’ tab in the website header and verify your credentials with StudentBeans to earn up to an extra £20 when trading in. As perhaps the most popular model released by Apple, the MacBook Pro offers the ideal combination of performance and flexibility, so it makes sense that Macback will give you a great price when you no longer needs yours. Use a Macback discount code when selling your Pro to get extra cash added to your quote will zero extra effort. Though we’re sure your new laptop will cost a pretty penny, Macback will give you the best price possible to make it all the more affordable.
pando-ferries listed on couponmatrix.ukSail away to some of the world’s most sought-after travel spots in Europe with the help of P&O Ferries. Offering fantastic facilities, including designer shopping experiences, fine-dining options and kids' entertainment onboard, your P&O voyage will be far more enjoyable than catching a flight! Whether you’re off to roam Rotterdam or leaning towards a trip to Larne, help keep costs down on your next holiday using a P&O Ferries discount code when you make your booking. Check out our exclusive P&O Ferries offers at Groupon to secure the best possible price. Be it venturing to picturesque Ireland or a themed mini cruise like the 80s Party, P&O Ferries is your gateway to unforgettable journeys.
petspyjamas-com listed on couponmatrix.ukPetsPyjamas understand that your pet is so much more than an animal: they’re your best friend, a member of the family, someone who loves you unconditionally. Show them some of that love in return by using a PetsPyjamas discount code to treat your fur baby to all the best toys, meals, and even holidays that they deserve. Even in the PetsPyjamas HQ every day is Bring Your Pet to Work Day, so you can shop with confidence knowing your favourite PetsPyjamas products have been well tested by those who know best.
trespass listed on couponmatrix.ukTrespass’ philosophy and passion is about making outdoor lifestyles more accessible to everyone, no matter your age, gender, experience or background. As one of the UK’s most successful outdoor clothing retailers - specialising in waterproofs, ski wear, camping equipment and more - there are plenty of sales and Trespass discount codes to put the price down. Kit yourself and your closet out in Trespass gear to make your outdoor adventures as comfortable as possible - whether rain, snow or sun.