Apr 25, 2019 Last Updated 8:39 AM, Apr 9, 2019

The Minister of Finance & the Public Service

The Hon. Nigel Clarke, DPhil., MP, is Jamaica's Minister of Finance and the Public Service and is Member of Parliament for St Andrew Northwestern. ...

Financial Secretary

Miss Darlene Morrison...

GOJ Fixed-rate 5.50% BIN due 2023 Oversubscribed 3 times

The Government of Jamaica (GOJ), on Friday, August 24th, 2018, raised $4.0B in the domestic debt market, through the issuance of a Fixed-rate 5.50% Benchmark Investment Notes (BIN) due 2023. The offer was limited to $4.0B with a tenor of 4.58 years, an average price of 108.83, and an average yield of 3.95 percent. The issue was oversubscribed by 3.01 times.

Results of GOJ's recent issuance of debt securities to the Market on August 24th, 2018

 Bond Name  Subscription Date  Tenor (Yrs.)  Yield
(% p.a.)
Price Paid Amount
Re-open FR 5.50%
Benchmark Investment
Notes 2023
August 24th, 2018 4.58 3.95 108.83 $4,000.00  $4,000.00
Total Debt Issued to the
Market on August 24th, 2018


For further information, contact:
Debt Management Branch
Telephone: 932-5419

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