Bond Jamaïca 0% ( JMG202100061 ) in USD

Issuer Jamaïca
Market price 100 %  ⇌ 
Country  Jamaica
ISIN code  JMG202100061 ( in USD )
Interest rate 0%
Maturity 14/05/2021 - Bond has expired



Prospectus brochure of the bond Jamaica JMG202100061 in USD 0%, expired


Minimal amount 100 USD
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 bond, identified by ISIN JMG202100061, was issued by Jamaica, a sovereign Caribbean nation whose economy is significantly influenced by tourism, bauxite mining, and agricultural exports; this USD 700,000,000 issue, with a minimum purchase size of 100 units, featured a 0% interest rate and a stated payment frequency of 2, and notably reached its maturity on May 14, 2021, at which point it was fully repaid at its par value, having traded at 100% on the market.









GOVERNMENT OF JAMAICA
91-day Treasury Bill - Due May 14, 2021

ISSUER


GOVERNMENT OF JAMAICA
AUTHORITY
The Public Debt Management Act, 2012 as amended
PURPOSE
To finance the Government's budgetary requirements
SUBSCRIPTION DATE
February 10, 2021
SETTLEMENT DATE February 12, 2021

ISSUE STANDARD

IDENTIFICATION NUMBER
JMG202100061
(ISIN)

OFFER VOLUME
$700,000,000.00
MINIMUM BID AMOUNT
$5,000.00
TENOR
91 days
YIELD TO MATURITY
To be Determined by Competitive Bidding
PRICE
To be Determined by Competitive Bidding
MATURITY
May 14, 2021
INTEREST PAYMENT
Interest will be paid at maturity on May 14, 2021.
TAXATION
Taxable
INSTRUMENT TYPE
Registered and transferable
Investors may subscribe using their designated brokers through the
SUBSCRIPTION MECHANISM
JamClear-CSD for the purchase of the Notes.
Competitive and Non-Competitive bidding by Auction. Bids allotted on
SUBSCRIPTION METHOD
a non-competitive basis will be settled at the weighted average price for
the successfully allotted competitive bids.
The Notes will be registered in an electronic format in the Jamaica
REGISTRAR
Clearing and Settlement Assured in Real Time, Central Securities
Depository (JamClear-CSD) at the Bank of Jamaica.
PRUDENTIAL TREATMENT
Will qualify to be counted as a liquid asset.
In the event that a payment day occurs on a day other than a business
BUSINESS DAY
day, such payments will be made on the next business day.
PAYING AGENT
Bank of Jamaica
GOVERNING LAW &
Jamaica
JURISDICTION
OPTIONAL REDEMPTION
Non Call Life
All applications/tenders from Brokers, Primary Dealers and Commercial
Banks should be made to the Bank of Jamaica through the JamClear
Central Securities Depository (JamClear®-CSD) between the hours of
APPLICATIONS
9:00 a.m. to 10:45 a.m. on Wednesday, February 10, 2021.
Settlement will be effected via accounts in the JamClear® Real-time
Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica.

Dian Black
Ministry of Finance & the Public Service
February 4, 2021