Jordan: Gov’t completes eurobond repayment under debt management strategy

Jordan repays $1bn eurobonds to cut borrowing costs

Jordan has reportedly repaid its entire $1 billion in eurobonds maturing in January to cut borrowing costs and ease debt-servicing pressure. The move marks the first early redemption of eurobonds in decades, the Jordan Times reported, quoting a finance ministry statement. The bonds were issued in November 2015 with an interest rate of 6.125 percent. The government repaid the remaining $612 million, including accrued interest, this month after se…

Jordan: Gov’t completes eurobond repayment under debt management strategy

Additional financing was secured through a package of concessional loans and the issuance of Islamic sukuk at average interest rates ranging between 5 and 5.5 per cent