| |
During 2007 JMRC issued corporate bonds with a nominal value of JD (97.70) million. This brings the total amount of corporate bonds issued by JMRC since its establishment and until December 31, 2007 to JD (372.2) million, with (one year and less) and (3) and (5) year terms.
The volume of JMRC corporate bonds outstanding as at 31/12/2006 stood about (150.9) million JD as it is 31/12/2007.JMRC has issued its corporate bonds through private and public subscription to investors.
JMRC bonds are unsecured but are collateralized by the Company’s assets, which include the refinance loan portfolio, which in turn is collateralized by mortgage deeds duly transferred to the order of JMRC which its value exceeds (120%) of the outstanding balance of the Company’s loans at the end of each quarter through the life of these loans.
The interest rates on JMRC financial papers reflected the low risks associated with JMRC issues of these bonds.
The following table shows the outstanding JMRC corporate bonds as at 31/12/2007:
| (6) Months |
Issue No |
Nominal Value |
Interest Rate% |
Issue Date |
Maturity Date |
Denomination |
% |
56 |
2,200,000 |
6.66 |
26/06/2007 |
03/01/2008 |
1.000 |
|
Total |
2,200,000 |
|
|
|
1.46 |
|
| (1) year |
| Issue No |
Nominal Value |
Interest Rate% |
Issue Date |
  
|
Denomination |
% |
| 47 |
2,500,000 |
7.149 |
25/02/2007 |
25/02/2008 |
1,000 |
|
| 48 |
7,000,000 |
7.15 |
18/03/2007 |
18/03/2008 |
1,000 |
| 49 |
1,000,000 |
6.97 |
24/04/2007 |
24/04/2008 |
1,000 |
| 55 |
2,000,000 |
6.93 |
25/06/2007 |
|
1,000 |
| 57 |
2,200,000 |
6.95 |
26/06/2007 |
26/06/2008 |
1,000 |
| 62 |
2,000,000 |
6.836 |
12/09/2007 |
11/09/2008 |
1,000 |
| 63 |
2,000,000 |
6.45 |
27/09/2007 |
28/09/2008 |
1,000 |
| 64 |
2,000,000 |
6.473 |
18/10/2007 |
19/10/2008 |
1,000 |
66 |
7,000,000 |
6.25 |
29/11/2007 |
30/11/2008 |
1,000 |
| 68 |
9,000,000 |
6.45 |
05/12/2007 |
04/12/2008 |
1,000 |
| 69 |
4,000,000 |
6.35 |
17/12/2007 |
17/12/2008 |
1,000 |
Total |
40,700,000 |
|
|
|
|
26.97 |
|
|
|
|
|
|
|
| (3) years |
| Issue No |
Nominal Value |
Interest Rate% |
Issue Date |
 
|
Denomination |
% |
| 33 |
6,000,000 |
7.3 |
27/02/2006 |
27/02/2009 |
10,000 |
|
| 34 |
4,000,000 |
7.37 |
27/02/2006 |
27/02/2009 |
10,000 |
| 37 |
8,000,000 |
7.39 |
27/04/2006 |
27/04/2009 |
1,000 |
| 41 |
5,000,000 |
7.39 |
05/06/2006 |
05/06/2009 |
1,000 |
| 43 |
9,000,000 |
8 |
28/06/2006 |
28/06/2009 |
1,000 |
| 54 |
10,000,000 |
7.7 |
20/06/2006 |
20/06/2009 |
1,000 |
| |
|
|
|
|
|
| Total |
42,000,000 |
|
|
|
|
27.83 |
|
|
|
|
|
|
|
| (5) years |
| Issue No |
Nominal Value |
Interest Rate% |
Issue Date |
 
|
Denomination |
% |
| 13 |
5,000,000 |
4.6 |
11/05/2004 |
11/05/2009 |
1,000 |
|
| 18 |
5,000,000 |
5.4 |
05/04/2005 |
05/04/2010 |
1,000 |
| 32 |
15,000,000 |
9.07 |
10/11/2005 |
10/11/2010 |
1,000 |
| 40 |
5,000,000 |
7.55 |
31/05/2006 |
31/05/2011 |
1,000 |
| 52 |
4,000,000 |
8 |
27/05/2007 |
27/05/2012 |
1,000 |
|
| 51 |
5,000,000 |
8 |
27/05/2007 |
27/05/2012 |
1,000 |
|
| 58 |
3,000,000 |
6.744 |
28/06/2007 |
28/06/2012 |
1,000 |
|
| 59 |
10,000,000 |
8 |
28/06/2007 |
28/06/2012 |
1,000 |
|
| 60 |
5,000,000 |
8 |
30/07/2007 |
30/7/2012 |
1,000 |
|
| 65 |
4,000,000 |
7.9 |
21/10/2007 |
21/10/2012 |
1,000 |
|
| 67 |
5,000,000 |
8 |
05/12/2007 |
05/12/2012 |
1,000 |
|
| Total |
66,000,000 |
|
|
|
|
43.74 |
| Grand Total |
150,900,000 |
|
|
|
|
100% |
|
|
JMRC ACHIEVMENTS
