Home / Daily Briefs / 2023 / 25 / IFC issues first bonds in Jamaican dollars

IFC issues first bonds in Jamaican dollars

IFC issues first bonds in Jamaican dollars

May 25, 2023 | Hernán Goicochea
World Bank's private sector division looks to pave the way for more issuers with $15 mln in five-year notes

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets International Financial Institutions Jamaica World Bank

The International Finance Corporation (IFC), the private sector division of the World Bank, said it sold JMD2.36 billion ($15.4 million) worth of five-year bonds in its first debt deal in Jamaican dollars. "In a move that paves the way for more borrowers to tap the Jamaican dollar market, IFC issued the first Jamaican dollar bond to be sold by a supranational," the multilateral lender said in a press release on Tuesday. IFC priced the 2028 notes at 7.45% in a private placement on the Londos Stoc

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