Jamaica raises US$1 billion on international bond market
Nationwide Radio reports that the bond was priced at a 6.25% coupon. The Finance Ministry says it is the lowest interest rate Jamaica has ever secured on global borrowing.
TLDR
Nationwide Radio reports that Jamaica's Finance Ministry announced on September 18 that the government had raised US$1 billion on the international bond market. The bond was priced the day before at a 6.25% coupon, which the ministry says is the lowest interest rate the country has ever secured on global borrowing.
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