AMMAN, Nov. 4 (NNN-Petra) — Jordan has issued bonds worth $500 million in the international market for a 10-year term, due in 2026, Finance Minister Umayya Toukan announced Sunday.

The minister said the underwriting applications for these bonds, issued in New York under Jordanian Government guarantee, amounted to about $2.6 billion; five times higher than the issue value.

Toukan told Petra that the high value of underwriting applications reflects foreign investors’ confidence in the Jordanian economy and its future, and provides an evidence of successful economic reforms pursued by the government.