Bond Jamaïca 0% ( JMG201900081 ) in USD

Issuer	Jamaïca
Market price	100 % ⇌
Country	Jamaica
ISIN code	JMG201900081 ( in USD )
Interest rate	0%
Maturity	14/06/2019 - Bond has expired
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Minimal amount	/
Total amount	700 000 000 USD
Detailed description	Jamaica is a prominent Caribbean island nation known for its lush topography of mountains, rainforests, and reef-lined beaches, alongside its globally influential reggae music and vibrant culture. The sovereign bond, identified by ISIN JMG201900081, was issued by Jamaica, a Caribbean nation whose economy is significantly influenced by tourism, remittances, and bauxite/alumina exports. As a sovereign issuer, Jamaica frequently accesses international capital markets to fund its development initiatives and manage its public debt profile, with such issuances being critical for its fiscal strategy and maintaining investor confidence. This particular bond, denominated in US Dollars (USD) and representing a total issuance size of $700,000,000, presented distinct characteristics for investors. Notably, it featured a stated interest rate of 0%, which typically designates a zero-coupon bond, meaning investors derive their return from the difference between the discounted issue price and the full face value at maturity, rather than periodic interest payments. However, the instrument's payment frequency was also recorded as semi-annual, an unusual pairing with a 0% coupon rate in conventional bond structures, potentially indicating specific, non-standard terms or a data representation nuance. The bond reached its maturity on June 14, 2019, and was fully redeemed at 100% of its face value, confirming the issuer's successful fulfillment of its financial obligations to its bondholders.