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  • 15-06-19

    Jordan to release USD300m bonds in local market

    (MENAFN) Petra news agency announced that Jordan is planning to float bonds within the local market at a value of USD300 million on June 18.

    Official sources explained that Jordan is aiming through the move to repay a Eurobond worth USD1 billion and is due on June 23.

    Jordan's government is also looking to repay the remainder of the Eurobond payment using a USD1.02 billion loan coming from the World Bank (WB).

    The WB, early this month, reached an agreement with Jordan to extend it with the loan at an interest rate of 4 percent along with a grace period of 4 years.

    MENAFN1506201900450000ID1098639494

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