The government is seeking to raise more money on the international market, increasing its planned borrowing through its special purpose vehicle Montego Bay Airport Revenue Finance Limited to US$400 million.
That's up from the original target of US$385 million, due to strong investor demand.
Citigroup has been named the sole book runner for the deal, which is expected to close on July 22.
The bond will mature in June 2035 - 10 years from now - and carries an interest rate of 6.6% per annum.
The funds will go toward clean water infrastructure, general administrative expenses and six months of interest payments which will be set aside in the debt service reserve account.
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