Ammon News - The Ministry of Finance said it has completed repayment of Eurobonds maturing at the end of January 2026, following an early repayment of part of the issue as part of refinancing at lower cost and on improved terms to ease debt-service pressures in the near and medium term.

The ministry said it fully redeemed the Eurobonds due in January 2026, originally issued on November 10, 2015, in the amount of $1.0 billion at a 6.125% interest rate.

It added that $612 million, along with accrued interest, was repaid in January, while $388M of the same bonds was repaid early in November 2025 (the first such early repayment in decades) to reduce interest costs.

The full redemption was financed through the issuance of $700 million in Eurobonds in November 2025 at a 5.75% coupon with a seven-year tenor, which the ministry said was achieved at the lowest spread on Jordan’s international issuances in decades.

Additional financing came through a package of concessional loans and the issuance of Islamic sukuk, with an average interest rate of 5.0% to 5.5% secured over the past year. Part of the proceeds from the Eurobond issuance and concessional loans was deposited with the Central Bank of Jordan to meet Eurobond maturities due in 2026.

The ministry said the operation falls within the government’s public debt management strategy aimed at replacing higher-cost debt with more concessional financing, easing debt-service burdens on the budget, lowering medium-term financing needs, reinforcing debt sustainability, and supporting a declining debt-to-GDP trajectory.