Jamaica Announces Tender Results for Debt Refinancing
The Government of Jamaica has announced the results of its tender offer for three series of bonds: $343.17 million in 6.750% Notes due 2028, $2.15 million in 8.500% Notes due 2036, and $131.29 million in 8.000% Notes due 2039. The tender expired on September 9, 2026. Jamaica plans to use proceeds from a new bond offering announced earlier this week to repurchase the accepted tenders at specified prices plus accrued interest. This transaction is conditional upon closing of the New Notes Offering under acceptable terms and amounts for Jamaica. The government expects to announce which tenders are accepted by September 10, with confirmation on whether financing conditions have been met expected around September 17. Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. served as dealer managers for the tender process.
Topics: bond tender offer debt restructuring government finance