Bond Jordon 2.924% ( JO5014405294 ) in JOD

Issuer	Jordon
Market price	100 % ⇌
Country	Jordan
ISIN code	JO5014405294 ( in JOD )
Interest rate	2.924% per year ( payment 1 time a year)
Maturity	11/12/2018 - Bond has expired
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Minimal amount	1 000 JOD
Total amount	100 000 000 JOD
Detailed description	Jordan is a country in the Levant region of Western Asia, bordered by Syria, Iraq, Saudi Arabia, and Israel. The Hashemite Kingdom of Jordan, a sovereign entity actively engaged in the global debt markets, issued a specific fixed-income instrument identified by the ISIN JO5014405294. This bond, denominated in Jordanian Dinars (JOD), carried a stated interest rate, or coupon, of 2.924%, with interest payments typically made annually. The total principal amount raised through this issuance was JOD 100,000,000, making it a substantial offering within the Kingdom's debt portfolio, with a minimum investment threshold of JOD 1,000 per allocation. A key characteristic of this particular security was its maturity date, which was set for December 11, 2018. As reported, the bond successfully reached its maturity and was subsequently redeemed at 100% of its face value, indicating that the principal was fully repaid to all bondholders. This successful and timely redemption at par underscores the Kingdom of Jordan's adherence to its financial obligations as an issuer in the sovereign debt market.