Ammon News - The Jordanian government borrowed $700 million through a Treasury bond issue, according to results published on Thursday by the Central Bank of Jordan (CBJ).

CBJ data showed that the bonds will mature on October 1, 2031.

Results of the fifth issuance, published on the bank’s website, showed that the bonds carry an interest rate of 6.5%.

Treasury bonds are long-term debt securities with maturities ranging from two to twenty years and can be issued by both the government and corporations.

Treasury bills are short-term government debt instruments with maturities of between 3 and 12 months. These bills are considered low-risk and are actively traded in the financial markets.