Mar 08, 2021 Last Updated 4:26 PM, Mar 2, 2021

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

Ms. Darlene Morrison is currently Jamaica’s Financial Secretary. As Financial Secretary, Ms. Morrison is the technical and administrative head of the Ministry of Finance and the Pu...

State Minister in the Ministry of Finance and the Public Service

The Hon. Marsha Smith, MP was born and raised in the parish of Saint Ann. She was educated at Brown’s Town Primary School, Westwood High School, Brown’s Town Community College, the...

GOJ Fixed-rate 5.50% BIN due 2023 Oversubscribed 3 times

The Government of Jamaica (GOJ), on Friday, August 24th, 2018, raised $4.0B in the domestic debt market, through the issuance of a Fixed-rate 5.50% Benchmark Investment Notes (BIN) due 2023. The offer was limited to $4.0B with a tenor of 4.58 years, an average price of 108.83, and an average yield of 3.95 percent. The issue was oversubscribed by 3.01 times.

Results of GOJ's recent issuance of debt securities to the Market on August 24th, 2018

 Bond Name  Subscription Date  Tenor (Yrs.)  Yield
(% p.a.)
Price Paid Amount
Offered
($mn)
Amount
Issued
($mn)
Re-open FR 5.50%
Benchmark Investment
Notes 2023
August 24th, 2018 4.58 3.95 108.83 $4,000.00  $4,000.00
             
Total Debt Issued to the
Market on August 24th, 2018
          $4,000.00

 



For further information, contact:
Debt Management Branch
Telephone: 932-5419
  

The Ministry at Work