$300 million in Treasury bills reissued — source

(File photo: Jordan News)
AMMAN — A Central Bank of Jordan source has told Jordan News that Jordanian banks had purchased Treasury bills worth $300 million. اضافة اعلان

The source added that the frequency of such actions depends on the date of the due amount, and so $300 million were due on the first of June but the Treasury bills were reissued for the same amount and the new issue does not affect the current standing debt. The source added that this action barely happens once or twice a year

Treasury bills are considered a government debt tool that is issued with a maturity date ranging from three months to a year, so they are considered short-term securities.

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