The Government of Jamaica (GOJ), on Thursday, April 26th, 2018, raised $5.0B in the domestic debt market, through the reopening of Fixed‐rate 7.25% Benchmark Investment Notes (BIN) due 2021. The offer was limited to $5.0B with a tenor of 3.0 years, and was at an average price of 109.58, with an average yield of 4.34 percent. The issue was oversubscribed by 6.22 times.
Results of GOJ’s recent issuance of debt securities to the Market on April 26, 2018
|Bond Name||Subscription Date||Tenor(Yrs.)||Yield(% p.a.)||Price Paid||Amount Offered($mn)||Amount Issued($mn)|
|Re-open FR 7.25% Benchmark Investment Notes 2021||April 26th, 2018||3.00||4.34||109.58||$5,000.00||$5,000.00|
|Total Debt Issued to the Market on April 26, 2018||$5,000.00|
For further information, contact: Debt Management Branch Telephone: 932‐5419