Government of Jamaica Closes $743.2 Million Notes Offering and Concurrent Tender Offer
NEW YORK – Paul Hastings LLP, a leading global law firm, represented the Government of Jamaica (“Jamaica”), in an international bond offering. The offering involved the issuance of US$743.2 million new notes in a reopening of Jamaica’s 8.000% Amortizing Notes due 2039 pursuant to Regulation S. The underwriters involved were Bank of America and Citigroup.
Concurrently with this offering, Paul Hastings represented Jamaica in connection with a liability management transaction involving a cash tender offer (the “Offer”) for any and all of its outstanding 10.625% Notes due 2017 (the “2017 Notes”) and 8.000% Amortizing Notes due 2019 (the “2019 Notes”). U.S.$313,772,242.00 aggregate principal amount of the 2017 Notes and U.S.$462,419,600.00 aggregate principal amount of the 2019 Notes were validly tendered and settled in the Offer. The dealer managers of the Offer were Bank of America and Citigroup.
Paul Hastings has also represented Jamaica in numerous capital markets and other transactions.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.