Jamaica Announces Acceptance of Offers for Redemption of Specific Debt Notes
The Government of Jamaica has announced that it accepted all tenders submitted under its invitation for offers to repurchase specific series of its outstanding notes. The tender process, which expired on September 9, 2026, included the 6.750% Notes due in 2028, the 8.500% Notes due in 2036, and the 8.000% Notes due in 2039. A total of $402,223,657.01 will be paid to holders for accepted tenders. The settlement date is expected on September 17, 2026, contingent upon the successful completion of a new notes offering by Jamaica. Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. served as dealer managers in this process. The redemption reflects part of Jamaica's broader liability management strategy to restructure its debt obligations. The move is expected to reduce outstanding principal amounts for each series, with the 2028 Notes being partially amortized due to a specified factor.
Topics: bond market government debt tender offers