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Ja raises US$2 billion
Majority proceeds from Eurobond to pay down PetroCaribe debt
BY KEITH COLLISTER Observer writer
Friday, July 24, 2015
Jamaica yesterday raised a mammoth US$2 billion on the international capital market through the issue of two new Eurobonds.
The larger of the two Eurobonds, maturing in 2028, has an interest coupon of 6.75 per cent, for a total value of US$1.35 billion, whilst the smaller-sized Eurobond, maturing in 2045, at an interest rate of 7.875 per cent, makes up the balance of the huge issue at US$650 million.
Majority proceeds from Eurobond to pay down PetroCaribe debt
BY KEITH COLLISTER Observer writer
Friday, July 24, 2015
Jamaica yesterday raised a mammoth US$2 billion on the international capital market through the issue of two new Eurobonds.
The larger of the two Eurobonds, maturing in 2028, has an interest coupon of 6.75 per cent, for a total value of US$1.35 billion, whilst the smaller-sized Eurobond, maturing in 2045, at an interest rate of 7.875 per cent, makes up the balance of the huge issue at US$650 million.
