Major US investors bought all the $1.25 billion US-guaranteed eurobonds issued by the Jordanian government on Tuesday.

The bonds, carrying an interest rate of 2.503 per cent and set to mature in 2020, were oversubscribed by 180 per cent as demand exceeded $2.20 billion. Finance Minister Umayya Toukan expressed appreciation of the US support for the issuance.

The loan guarantees were announced during US President Barack Obama’s visit to Jordan in March, when he also announced a $200 million in additional aid for 2013.