Amman, April 4 (BNA): The Ministry of Finance and the Central Bank of Jordan announced today that they have completed the issuance of Eurobonds worth $1.250 billion in global markets at a fixed coupon rate of 7.5 percent, due in January 2029.
The Ministry of Finance cut the coupon rate by 25 basis points from the 2022 issue of 7.75 despite the US Federal Reserve raising interest rates seven times since the previous issue, reports Jordan News Agency (Petra).
Finance Minister Mohamed Isis said that the issuance targets a subscription size of $750 million, but offers submitted by investors amounted to more than $4.7 billion, 6 times the target size.
insignificant