Jamaica NDX Tops 97%

Jamaica NDX Tops 97%

Jamaica Bonds Corporate & Sovereign Strategy

Jamaica has received more than 97% acceptance for the National Debt Exchange (NDX) targeting JAD860bn ($9.12bn), according to a source familiar with the matter. The offer launched last week was to close today, though the finance ministry plans to extend the offer for an additional period to be announced today, in order to allow more participation. The NDX involves 25 series of JAD-denominated, USD-denominated and inflation-indexed bonds at various maturities. As with the JAD700bn 2010 JDX transa

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