CBJ plans JD 200M Sukuk auction and JD100M bonds for National Electricity

Central Bank of Jordan CBJ
Central Bank of Jordan. (File photo: Jordan News)
AMMAN – On Thursday, the Central Bank of Jordan (CBJ) unveiled its strategy to auction bonds and Sukuk worth JD220 million for the National Electricity Company.اضافة اعلان

CBJ has introduced the third tranche/sixth issuance of Sukuk for the National Electricity Company, totaling JD120 million. This issuance will adhere to the 'Mudarabah for the Purchase Order' contract structure, Hala News reported.

The auction is slated for August 27, with the settlement arranged for August 28. The offered tranche will mature in three years, accompanied by an annual profit-sharing rate of 6 percent.

In addition, CBJ has also revealed its intention to launch the eighteenth series of bonds for the National Electricity Company. These bonds, endorsed by the government, will carry a total issuance value of JD100 million.

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