Jordan sells USD 71mn in three-year T-bonds, yields drop

By bne IntelliNews May 15, 2013

Jordan's central bank, CBJ, auctioned on Wednesday, May 15, JOD 50mn (USD 71mn) worth of thirty-six-month T-bonds in its twenty-ninth domestic debt issuance since the start of 2013, the bank said. The securities mature on May 15, 2016.

High local banks offer, which totalled JOD 91mn, helped cut the final average yield to 6.511% from 6.523% achieved at the previous such action held on April 29. The yield also retreated from a peak of 8.600% in early 2013.

CBJ’s deposit window interest rate now stands at 4.00%. The repo rate stands at 4.75%, and the rediscount rate at 5.00%

Gross domestic borrowing (including transfers to the national electricity company and other public enterprises) hit JOD 11.51bn at end-February, comprising 48% of the forecast 2013 GDP.

Related Articles

Lebanon becomes European Bank for Reconstruction and Development shareholder

Lebanon has become the fifth member country from the Southern and Eastern Mediterranean (SEMED) region to join the European Bank for Reconstruction and Development (EBRD), becoming a shareholder with ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

US lifts laptop ban on Turkish Airlines flights as of July 5

Passengers boarding an early morning July 5 Turkish Airlines (THY) flight to John F Kennedy International Airport in New York were allowed to include laptops and electronic devices larger than a ... more

Dismiss