Bond Jordon 3.668% ( JO5014407415 ) in JOD

Issuer	Jordon
Market price	100 % ⇌
Country	Jordan
ISIN code	JO5014407415 ( in JOD )
Interest rate	3.668% per year ( payment 1 time a year)
Maturity	16/03/2024 - 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 matured sovereign bond issued by the Hashemite Kingdom of Jordan, identified by ISIN code JO5014407415, provides insight into the nation's public finance instruments. Jordan, a key state in the Middle East with a developing economy, frequently accesses both domestic and international capital markets to finance its public expenditures and various development projects, with its sovereign creditworthiness being a significant factor for investors considering its debt instruments. This specific fixed-income security, denominated in Jordanian Dinar (JOD), was issued with a total principal amount of 50,000,000 JOD and carried a fixed annual interest rate of 3.668%. Structured with an annual payment frequency, it offered investors a predictable income stream throughout its lifecycle. The bond was accessible to a range of investors, given its minimum purchase denomination set at 1,000 JOD. Having reached its scheduled maturity date on March 16, 2024, the obligation was successfully redeemed at its par value, reflecting a 100% return of the principal to its holders, signifying the complete fulfillment of the debt commitment by the Jordanian issuer.