Jamaica Sells $250 Million Globals

Jamaica sold $250 million global bonds yesterday, Tuesday, at a yield of 8.55%. The 30-year bonds are due February 28 2036 and are rated B by Standard & Poor’s and B1 by Moody’s Investors Service. Jamaica last issued a long-term global bond in October, when it sold $250 million 20-year globals at a yield of 9.375%.