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CBJ-held $333-million UAE deposit transformed to comfortable mortgage
[15-06-2022 09:41 AM]
Ammon Information – In view of the worldwide high-interest charges, Jordan and the United Arab Emirates have agreed to transform a $333 million deposit held by the latter with the Central Financial institution of Jordan (CBJ) right into a comfortable mortgage, an official supply on the Ministry of Finance mentioned Tuesday.
In a associated context, the supply revealed that the Jordanian authorities had efficiently issued Eurobonds price $650 million at a coupon price of seven.75 %, maturing in 5 and a half years, indicating buyers’ and worldwide establishments’ confidence within the Jordanian financial system regardless of world monetary market volatility and high-interest charges.
The supply additional famous that the Emirati mortgage and new Eurobonds can be used to repay $1 billion in Eurobonds that can mature by the tip of the present month, assuring that the extra funds is not going to elevate the general public debt stability as a result of they’re a part of the 2022 price range.
Ammon Information – In view of the worldwide high-interest charges, Jordan and the United Arab Emirates have agreed to transform a $333 million deposit held by the latter with the Central Financial institution of Jordan (CBJ) right into a comfortable mortgage, an official supply on the Ministry of Finance mentioned Tuesday.
In a associated context, the supply revealed that the Jordanian authorities had efficiently issued Eurobonds price $650 million at a coupon price of seven.75 %, maturing in 5 and a half years, indicating buyers’ and worldwide establishments’ confidence within the Jordanian financial system regardless of world monetary market volatility and high-interest charges.
The supply additional famous that the Emirati mortgage and new Eurobonds can be used to repay $1 billion in Eurobonds that can mature by the tip of the present month, assuring that the extra funds is not going to elevate the general public debt stability as a result of they’re a part of the 2022 price range.
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