Jamaica Accepts Tenders for Specific Government Debt Instruments

KINGSTON, Jamaica, Sept. 10, 2026 /CourierPR/ -- Jamaica has accepted tenders for the purchase of specific government debt instruments, according to an official press release. The government accepted offers to tender its 6.750% Notes due 2028, 8.500% Notes due 2036, and 8.000% Notes due 2039. These actions are part of an ongoing financial strategy to manage the government’s debt portfolio.

The government announced the acceptance of the tender offers on September 10, 2026. The total principal amount of the tendered notes accepted by the government is U.S. $402,223,657.01. The successful tenders were in response to an invitation for offers to tender the specified notes for cash, which was initially announced on September 2, 2026.

According to the press release, all valid tenders of the notes that were not withdrawn have been accepted for purchase, and there will be no proration. The government plans to use a portion of the net proceeds from its new notes offering, announced on the same day, to purchase these accepted Old Notes. The exact terms of the new notes offering are not specified in the press release.

The Settlement Date for the purchase of the tendered notes is expected to occur on September 17, 2026, subject to the terms and conditions set forth in the Invitation Material. The invitation is conditioned upon the successful closing of the new notes offering, which must meet certain acceptable terms and conditions set by the government.

Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. acted as Dealer Managers for the invitation. Individuals or organizations interested in more information regarding the invitation can contact the Information and Tender Agent, Global Bondholder Services Corporation, at 65 Broadway, Suite 404, New York, New York 10006, or by calling (212) 430-3774 or toll free (855) 654-2014, attention: Corporate Actions.

The press release also notes that the distribution of materials related to the invitation and transactions contemplated thereby may be restricted by law in certain jurisdictions. It advises that if materials come into the possession of any person, they should inform themselves of and observe any such restrictions. The materials and transactions are void in all jurisdictions where they are prohibited.

This financial move by the Jamaican government reflects its ongoing efforts to manage its debt obligations and potentially improve its financial standing. The government's decision to accept these tenders signals a strategic approach to addressing its financial commitments and aligning with broader economic goals.