Jamaica to buy back $785m after bond issue

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Jamaica to buy back $785m after bond issue

Usain Bolt, Jamaica
Jamaica's Usain Bolt celebrates winning the men's 100m final at the Olympics Stadium on the ninth day of the Rio Olympics Games, Brazil. | Mike Egerton/PA Wire/Press Association Images

Jamaica will replace $785m of existing bonds with cheaper, longer dated debt after wrapping up a tender offer for its 2017s and 2019s on Friday.

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