Mubasher: The Central Bank of Jordan (CBJ) announced on Wednesday it will issue on 17 October its first issuance of Islamic sukuk (bonds) worth JOD 34 million ($48 million) set to mature on 17 October 2021.
The issuance will be used to fund governmental projects through a government-owned company, the bank said in a statement.
The sukuk's profit rate is expected by the bank to be at 3%, the Ijara-structured instrument will be repaid in 10 equal instalments on 17 April and 17 October of every year until maturity.
Source:
Mubasher