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NEWS

Government of Jamaica Completes $815 Million Bond Issuance and Tender Offer

September 20, 2019

New York – Paul Hastings LLP, a leading global law firm, represented the Government of Jamaica , in an international bond offering.  The offering involved the issuance of US$815 million new notes in a reopening of Jamaica’s 7.875% Notes due 2045. The proceeds of the new notes issued were used in the tender offer described below.

Concurrently with this offering, Paul Hastings represented Jamaica in connection with a liability management transaction involving a cash tender offer for any and all of its outstanding 11.625% Notes due 2022, 9.250% Notes due 2025, 7.625% Notes due 2025, and 6.750% Notes due 2028.

The underwriters in the new notes issuance and the dealer managers of the tender offer were Bank of America and Citigroup.

Latin America capital markets partner Cathleen McLaughlin led the team, which also included associates Alex Herman, Evan Baran and Sandra Rubinchik.
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Practice Areas

Securities and Capital Markets

Latin America

Corporate

Global Finance


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