The Government of Jamaica says investor demand for its short-term treasury bills has far exceeded expectations.
It was seeking to raise $2.2 billion through its 90-day, 182-day and 270-day treasure bills to help fund this year's budget.
But investors pumped in more than double that amount, some $5.5 billion.
The 90-day bill, which targeted $700 million, attracted $1.9 billion in an average interest rate of 5.2% per year.
Another $2.1 billion was invested in the 182-day bill, also above the $700 million target, at an average interest rate of 5.4%, and the 270-day instrument, which aimed to raise $800 million, received $1.6 billion at an average rate of 5.8%.
The total amount of outstanding treasure bills now stands at $10.34 billion.