AMMAN —
The Central Bank of Jordan announced on Thursday the auction results of the
first batch of the fifth tranche of “the fifth issue” bonds for the
National Electric Power Company (NEPCO), according to Al-Mamlaka TV. The bonds are worth
JD100 million, to mature in three and half years at a yield of 4.25 percent annually.
اضافة اعلان
The government has
approved the borrowing of JD917 million by NEPCO to cover the company’s
financing needs and obligations until the end of 2022.
NEPCO’s board of
directors decided in the first quarter of this year to approve the issuance of
Islamic bonds (sukuk) worth JD375 million in batches for the purpose of
financing energy purchases of natural and liquefied gas.
The government,
represented by the
Ministry of Finance, is the guarantor of the NEPCO bonds and
all interest payments on due dates.
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