News Column

Jordan issues USD bln bond with US Guarantee

June 26, 2014

WASHINGTON, June 26 (KUNA) -- Jordan closed on its offering of a USD one billion bond issuance guaranteed by the US government Thursday.

State Department Spokesperson Jen Psaki said in a statement, "This second loan guarantee reinforces the firm US commitment to the people of Jordan by strengthening the Government of Jordan's ability to maintain access to international financing, while enabling it to achieve its economic development and reform goals." The US' guarantee "will allow Jordan to access affordable financing from international capital markets, ensuring that Jordan can continue to provide critical services to its citizens as it enacts transformative economic reforms and hosts more than 600,000 refugees." The bond was supported by a 100 percent guarantee of the repayment of principal and interest by the US government. The USD one billion issuance was priced at a coupon rate of 1.945 percent. (end)

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Source: Kuwait News Agency

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