IFC issues first bonds in Jamaican dollars

IFC issues first bonds in Jamaican dollars

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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