Feb 17, 2019 Last Updated 12:27 PM, Feb 15, 2019

The Minister of Finance & the Public Service

The Hon. Nigel Clarke, DPhil., MP, is Jamaica's Minister of Finance and the Public Service and is Member of Parliament for St Andrew Northwestern. ...

Financial Secretary

Miss Darlene Morrison...

Reopening of GOJ Fixed‐rate 7.25% BIN due 2021 Oversubscribed

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

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