First Look

GOJ returns to the Domestic Capital Market



Ministry of Finance and Planning | 2016-02-11 00:00:00

After a three-year absence, the Government of Jamaica (GOJ) on February 11, 2016 successfully returned to the Domestic Capital Market with the three (3) fixed-rate instruments issued oversubscribed.

The $15 billion bond issue included a two-year tenor with a maturity date of February 12, 2018 at an interest rate of 6.625%; a six-year tenor with a maturity date of February 11, 2022 at an interest rate of 7.75%; and a thirty-year tenor with a maturity date of February 12, 2046 at an interest rate of 11.25%.

Interest will be paid semi-annually on all the bonds.

The successful issue of these instruments represents a re-activation of the domestic market and was undertaken within the context of the GOJ’s payment of a $60.4 billion maturity on February 11, 2016.

For Fiscal Year 2016/17, the Government will maintain a presence in the domestic capital market, facilitating development of both the primary and secondary markets.

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Posted By :Cheryl Smith

Company Name : Ministry of Finance and Planning

Website :

Company Address : 30 National Heroes Circle Kingston 4


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