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Jordan's central bank sells USD 71mn in five-year T-Bonds, yields drop

February 13, 2014

Jordan's central bank issued JOD 50mn (USD 71mn) in five-year T-Bonds, in its 10th domestic debt auction since the start of 2014, the bank said. The papers will mature on February 12, 2019.

The auction lured strong investor interest with offers deposited reaching JOD 113.4mn. The final average coupon thus declined 5.584% from the 5.695% offered at the previous such auction held on Feb 9.

The CBJ's deposit window interest rate now stands at 3.25% (down from the previous 3.50%) and the repo rate at 4.00%. The rediscount rate was reduced to 4.25%.

Jordan's net domestic public debt (gross outstanding domestic public debt minus government deposits in banks) rose 1.8% ytd to JOD 11.86bn at end-November 2013, comprising 49.4% of the full-year GDP. 

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Source: IntelliNews - Weekly Reports

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