Jamaican Tops 99% in Exchange

Jamaican Tops 99% in Exchange

Jamaica Bonds

Jamaican bauxite producer and alumina refiner Clarendon Alumina Production (CAP) has received acceptance from holders of $161.6m, or 99.8%, of bonds targeted in a tender offer, as of the August 16 early acceptance deadline, says Jamaica’s government, the guarantor of the notes. The government is targeting any and all of CAP’s 8.5% 2021 bonds, and offering holders new Jamaica sovereign 2021 bonds at a rate of $809.52 per $1,000 principal as of the early deadline, and $793.33 per $1,000 after. The

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