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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Jordan’s $1.25 billion Eurobonds oversubscribed six times

The Central Bank of Jordan and the Ministry of Finance issued the Eurobonds.
  • The kingdom's finance ministry reduced the coupon rate by 25 basis points from 2022's issue of 7.75 despite the US Federal Reserve raising interest rates seven times since.
  • Jordanian media reports said the number of subscribers exceeded 230, including some of the largest global investment houses.

Dubai, UAE – Jordan’s Ministry of Finance and Central Bank Wednesday said they have completed the issuance of $1.25 billion Eurobonds in global markets at a fixed coupon rate of 7.5 percent due in January 2029.

The Ministry has reduced the coupon rate by 25 basis points from 2022’s issue of 7.75 despite the US Federal Reserve raising interest rates seven times since the previous issue, said Jordan News Agency (Petra).

Finance Minister Muhammad Al Ississ said the issuance targeted a subscription size of $750 million but offers submitted by investors amounted to more than $4.7 billion, six times the target size.

Jordanian media reports said the number of subscribers exceeded 230, including some of the largest global investment houses in the US, the UK Europe, Asia and the Gulf Cooperation Council countries.

In June 2022, the kingdom issued $650-million worth of Eurobonds with a fixed coupon rate of 7.75 per cent and maturity date of 5.5 years in 2028. The issuance was oversubscribed more than three times over the targeted $500 million.