Amman municipality plans a 400 million dinar sukuk issue
Jordan’s cabinet approved the municipality’s first sukuk, with savings projected over an initial five-year term.
Event / data period:
Published: · Updated:
Jordan’s cabinet approved on October 11 a 400 million Jordanian dinar sukuk issue by the Greater Amman Municipality, using a lease-to-own structure. The planned instrument carries an annual return of 5.5% and an initial five-year term. It has not yet been issued.
The municipality projects financing-cost savings of about 70 million dinars over the first five years. If the term is extended by another five years, the same assumptions imply potential savings of 140 million dinars in total. The Central Bank of Jordan will manage the issue; a prospectus and final terms are still expected.
Data
Sukuk financing plan
Approved issue terms and projected savings reported by the municipality.
- Planned sukuk issue size
- 400,000,000 JOD
- 2026-10-11 · Target
- Annual return rate
- 5.5 percent per annum
- 2026-10-11 · Target
- Projected savings over the initial five years
- ≈70,000,000 JOD
- 2026-10-11 · Forecast
- Projected total savings if the term is extended by five years
- 140,000,000 JOD
- 2026-10-11 · Forecast
Methodology
Terms come from the municipality statement carried by Petra. Savings are projections, not realized post-issuance results.
Updated:
Subjects and places
Subject proposals
- Government budgetSuggested
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- Jordan · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
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