October 4, 2007
Jamaica reopened its 8% of 2039 bonds Wednesday for $150m, the first transa
Jamaica reopened its 8% of 2039 bonds Wednesday for $150m, the first transaction from the new administration in the B1/B/B+ rated Caribbean nation. The notes were priced at 97.5 to yield 8.224%, or 341.2bp over the 2037 US Treasury note. The bond, originally offered in March for $350m to yield 8.125%, amortizes equally in the last three years. Deutsche Bank led.