Central bank issues JD75m Treasury bills to NEPCO

(File photo: Jordan News)
AMMAN — The National Electric Power Company (NEPCO) has borrowed JD75 million in Treasury bills from the local market, according to Khaberni.اضافة اعلان

The Central Bank of Jordan issued on Monday Treasury bills worth JD75 million in favor of NEPCO to be paid on Jude 22, 2023.

Expert and economic analyst Hashem Akel told Jordan News that NEPCO has borrowed the sum for liquidity, to pay loans, and to avoid being in default.

Treasury bills are a government debt tool that must be paid in a period ranging from three months to a year.

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Jordan News