Government of Jamaica Completes $815 Million Bond Issuance and Tender Offer
New York – Paul Hastings LLP, a leading global law firm, represented the Government of Jamaica , in an international bond offering. The offering involved the issuance of US$815 million new notes in a reopening of Jamaica’s 7.875% Notes due 2045. The proceeds of the new notes issued were used in the tender offer described below.
Concurrently with this offering, Paul Hastings represented Jamaica in connection with a liability management transaction involving a cash tender offer for any and all of its outstanding 11.625% Notes due 2022, 9.250% Notes due 2025, 7.625% Notes due 2025, and 6.750% Notes due 2028.
The underwriters in the new notes issuance and the dealer managers of the tender offer were Bank of America and Citigroup.
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