Jordan Securities Commission Registers New Securities on 18/04/2012

On April 17.2012 Jordan Securities Commission (JSC) chaired by the Board’s Chairman Mr. Mohammad Tash & the membership of the following Commissioners: Deputy Chairman Dr Ahmad Mustafa, Mr. Mansour Haddadin, Mrs. Muna Al-Mufti & Mr. Majd Shafiq, decided to approve new securities registration for a number of companies. Provisions of Article (5) of the Securities Law No. (76) for the year 2002 stipulates that: “Every Issuer in the Kingdom shall submit to the Commission an application for registering securities therewith in accordance with the Instructions issued by the Board”. By virtue of this Article every issuer of securities is obliged to submit to the (JSC) an application to register these securities & to have (JSC) prior approval.

The Board of Commissioners approved the following:

1. Registration of Jordan Mortgage Refinance Corporate Bond, at a nominal value of JD (94) million for at least 15 year via non public offer to investors stated in the Requirements of this Corporate Bond, in condition that the following terms are fulfilled:

• Corporate Bond must be traded over the counter & by the safe keeper. It must not be listed at the Amman Stock Exchange (ASE).
• Number of subscribers in this Corporate Bond &/or bondholders must not exceed 30 person at any time until its due date.
• Settlement of fees as deemed proper.
2. Registration of the 7th issuance of Jordanian Treasury Bills for the year 2012 at a maturity date on March 18.2013, at a value of JD (150) million & address the Securities Depository Center (SDC) to register them.
3. Registration of the 8th issuance of Jordanian Treasury Bills for the year 2012 at a maturity date on March 28.2013, at a value of JD (100) million & address the Securities Depository Center (SDC) to register them.
4. Registration of the 7th issuance of Jordanian Treasury Bonds for the year 2012 at a maturity date on March 11.2017, at a value of JD (75) million & address the Securities Depository Center (SDC) to register them.
5. Registration of the 8th Jordanian Treasury Bonds for the year 2012 at a maturity date on March 14.2014, at a value of JD (75) million & address the Securities Depository Center (SDC) to register them.
6. Registration of the 9th Jordanian Treasury Bonds for the year 2012 at a maturity date on March 22.2014, at a value of JD (100) & address the Securities Depository Center (SDC) to register them.
7. Registration of the 10th Jordanian Treasury Bonds for the year 2012 at a maturity date on March 26.2014, at a value of JD (100) & address the Securities Depository Center (SDC) to register them.
8. Registration of the 11th issuance of Jordanian Treasury Bonds for the year 2012 at a maturity date on April 2.2014, at a value of JD (50) million & address the Securities Depository Center (SDC) to register them.