Jamaica Extends NDX

Jamaica Extends NDX

Jamaica Corporate & Sovereign Strategy

Jamaica has extended its debt exchange through Thursday, the finance ministry says, in the hopes of getting as close to 100% participation as possible. Acceptance stood at 97% as of Friday, the original closing day of the offer, known as the national debt exchange (NDX). Nearing 100% was seen as critical to the government’s negotiations for a new standby facility with the IMF. The NDX is targeting JAD860bn ($9.12bn) in 25 series of JAD-denominated, USD-denominated and inflation-indexed bonds at

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