NEW DEAL: Jamaica $Bmark Tap 6.75% 2028, Tap 7.875% 2045

Based on preliminary information received, the Government of Jamaica will be raising funds by issuing additional amounts of the 2028 and 2045 bonds currently outstanding. The funds raised will be used to purchase outstanding notes of Jamaica, which Jamaica may purchase pursuant to a tender offer, and general purposes of the government, including refinancing, repurchase or retiring of domestic and external debt.

See below Indicative Pricing Terms sourced from Bloomberg:

  • Tap of 6.750% 4/28/2028: 5.250%a
    • Outstanding size: $1.35b
    • ISIN: US470160CA80
  • Tap of 7.875% 7/28/2045: 6.625%a
    • Outstanding size: $650m
    • ISIN: US470160CB63
  • Issuer: The Government of Jamaica (JAMAN)
  • Ratings: B3/B/B
  • Format: SEC Registered sr unsecured notes
  • Bookrunners: BofAML, Citi

Please see link to Prospectus Supplement Below:

https://www.sec.gov/Archives/edgar/data/53078/000119312517256826/d434757d424b3.htm

The Jamaican Government on Tuesday August 8, 2017 made public its intention to purchase for cash, notes due 2019, 2021, 2022 and 2025. This paved the way for note holders to validly tender their notes in the invitation which commenced on Tuesday, August 8, 2017 and will expire at 5:00 pm, New York time on Monday August 14, 2017.

2017-08-14T17:06:36+00:00