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.
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