Friday, February 12, 2016

The Government of Jamaica was expected yesterday to have paid out US$550 million to bondholders of the restructured securities affected by the National Debt Exchange (NDX) programme.

Minister of Finance Dr Peter Phillips announced the pending payment while speaking during an interview aired online on

Bloomberg Business on Wednesday.

“Tomorrow we will be paying out US$550 million in restructured bond arrangements. It’s a good thing,” Phillips outlined, also adding that the Government was going back to the market with new bond issues, some of which he said would be listed on the Stock Exchange, “hoping to generate a secondary market”.

http://www.jamaicaobserver.com/business/NDX-US-550-million-payout-made-on-schedule_51468