Jamaica accepts $491.129 million of tenders for 2028, 2036 and 2039 notes

  • Jamaica accepted all valid tenders for three series of Old Notes.
  • $491.129 million of principal was accepted, with no proration.
  • Settlement is expected September 17, subject to Jamaica’s financing condition.

The Government of Jamaica accepted all validly tendered and unwithdrawn Old Notes under its cash tender invitation, totaling $357.551 million of 6.750% notes due 2028, $2.286 million of 8.500% notes due 2036 and $131.292 million of 8.000% notes due 2039. Because all valid tenders were accepted, there will be no proration. Jamaica set the Maximum Purchase Price for the accepted notes at U.S.$402,223,657.01. The invitation expired at 5:00 p.m. New York City time on September 9, 2026, and settlement is expected on September 17, subject to the financing condition requiring the related new notes offering to close on terms acceptable to Jamaica. Holders are entitled to the applicable Purchase Price, plus accrued interest, with the 2028 Notes subject to an amortization factor of 0.66666667.

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