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BoJ to borrow another $5B to help fund budget

The Bank of Jamaica says on April 29 it will be borrowing another $5 billion for almost 15 years to help fund the country's budget.
 
Investors who are willing to lend will receive a benchmark investment note paying an interest rate of 8.25% per annum. 
 
The interest on the instrument, which will also be paid every six months, will be taxable at 25% per annum, while the smallest amount which may be purchased is also $1,000.
 


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