September 16, 2019 |
The Jamaican government has added $815m to its 2045 bonds at 5.8%, raising money to help pay for a buyback of notes that mature between 2022 and 2028, LatinFinance has confirmed.
Following the retap, the government said that it agreed to repurchase $1.16bn in outstanding bonds, with $40.7m in 11.625% 2022 notes, $98.3m in 9.25% 2025s, $399m in 7.625% 2025s and $429m in 2028s. The government paid premiums up to $290 for every $1,000 in principal.
Bank of America and Citi were the bookrunners on t
Sovereign issuer adds $815m to its 2045s to help repurchase $1.16bn in old notes