
Re-opening of GOJ: 11.25% FR BIN – Due 2046 – 21 May 2026
GOVERNMENT OF JAMAICA Fixed Rate 11.25% Benchmark Investment Note – Due 2046 ISSUER GOVERNMENT OF JAMAICA AUTHORITY The Public Debt Management Act, 2012 as amended PURPOSE To finance the Government’s budgetary requirements SUBSCRIPTION DATE May 27, 2026 SETTLEMENT DATE ISSUE STANDARD IDENTIFICATION NUMBER (ISIN) May 29, 2026 JMG201600020 OFFER VOLUME $3,000,000,000.00 MINIMUM BID AMOUNT $1,000.00 TENOR Nineteen (19) Years and Nine (9) Months YIELD TO MATURITY To be Determined by Competitive Bidding PRICE To be Determined by Competitive Bidding MATURITY February 12, 2046 INTEREST RATE Fixed at 11.25% p.a. INTEREST PAYMENT The first interest payment will become due and payable on August 11, 2026. Thereafter; interest will be due and payable half-yearly on February 11 and August 11, at the fixed interest rate of 11.25% p.a., until maturity on February 12, 2046. TAXATION Taxable INSTRUMENT TYPE Registered and transferable SUBSCRIPTION MECHANISM Investors may subscribe using their designated brokers through the JamClear- CSD for the purchase of the Notes. SUBSCRIPTION METHOD RESERVE YIELD Competitive and Non-Competitive bidding by Auction. Bids allotted on a non- competitive basis will be settled at the weighted average price for the successfully allotted competitive bids. The allocation of bids will be subject to a reserve yield. Bids above the reserve price yield will not be eligible for allocation. NON-COMPETITIVE AMOUNT $150,000,000.00 REGISTRAR The Notes will be registered in an electronic format in the Jamaica Clearing and Settlement Assured in Real Time, Central Securities Depository (JamClear- CSD) at the Bank of Jamaica. PRUDENTIAL TREATMENT Will not qualify to be counted as a liquid asset BUSINESS DAY In the event that a payment day occurs on a day other than a business day, such payments will be made on the next business day PAYING AGENT Bank of Jamaica GOVERNING LAW & JURISDICTION Jamaica OPTIONAL REDEMPTION Non Call Life APPLICATIONS 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 9:00 a.m. to 2:00 p.m. on Wednesday, May 27, 2026. Settlement will be effected via accounts in the JamClear® Real-time Gross Settlement system [JamClear®-RTGS] at the Bank of Jamaica Darlene Morrison Financial Secretary Ministry of Finance & the Public Service May 21, 2026
Syndicated from Bank of Jamaica · originally published .
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