Jamaica launches cash buy-back ahead of potential dollar return
Jamaica could return to the dollar market as early as next week following the launch of a cash tender offer for four of the borrower’s outstanding bonds.
The B3/B/B rated sovereign is offering to buy back its amortising 2019s and 2021s, as well as its 2022 and 2025 bullets. The four issues have a total outstanding of $758.3m. A maximum size has not been set for the tender. Bank of America Merrill Lynch
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