Jamaica welcomed back to bond market

Jamaica welcomed back to bond market

Bonds

Bolstered by an order book of over $4bn, Jamaica staged a successful return to the market after a three-year hiatus on Tuesday, tightening the price of its $800m 10-year soft-bullet bond to 7.625%. Citi was the global coordinator on the deal and joint bookrunner with BNP Paribas. The SEC registered bond was priced at par and has a final maturity in 2025, but will amortize in equal installments in 2023, 2024 and 2025. It was described as Jamaica’s largest transaction ever and the country’s lowest

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