Jamaica announces new long-dated bond, tender offer
By Paul Kilby
NEW YORK, Aug 9 (IFR) - The Government of Jamaica on Tuesday announced plans to issue a new long-dated bond as part of a tender offer for its outstanding 2017 and 2019 bonds.
The sovereign is offering to buy back the 10.625% 2017 bond at a price of 108.00 and the 8% 2019 at 110.50.
The tender will expire on August 11, with Citigroup and Merrill Lynch acting as dealer managers. (Reporting by Paul Kilby; Editing by Marc Carnegie)
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