Bond Jordon 5.305% ( JO5014406177 ) in JOD

Issuer	Jordon
Market price	100 % ⇌
Country	Jordan
ISIN code	JO5014406177 ( in JOD )
Interest rate	5.305% per year ( payment 1 time a year)
Maturity	11/06/2024 - Bond has expired
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Minimal amount	1 000 JOD
Total amount	50 000 000 JOD
Detailed description	Jordan is a country in the Levant region of Western Asia, bordered by Syria, Iraq, Saudi Arabia, and Israel. A recently concluded sovereign bond, identified by the ISIN JO5014406177, issued by the Hashemite Kingdom of Jordan, successfully matured and was fully redeemed on June 11, 2024, at its par value of 100%. The Kingdom of Jordan, serving as the sovereign issuer and country of emission, is recognized for its proactive engagement in international financial markets to support national economic development and infrastructure projects. This particular fixed-income instrument, denominated in Jordanian Dinars (JOD), represented a total issuance size of JOD 50,000,000. It carried a fixed annual interest rate, or coupon, of 5.305%, with interest payments disbursed once a year. The minimum purchase denomination for this bond was set at JOD 1,000, facilitating participation from various investor profiles. The timely and complete redemption of this obligation underscores Jordan's commitment to fulfilling its financial liabilities on schedule, reinforcing its credit standing in the global debt market.