NDX Deadline Extended by One Week

The Government has extended the National Debt Exchange (NDX) programme by a week to give more bondholders time to take up the offer.

 

In order to process additional instructions and extend the participation window for the remaining non-participants, the Government of Jamaica has announced that it will extend the submission window to Thursday, February 28, 2013. The Ministry of Finance says the debt exchange has so far received support by more than 97% of bondholders and the Ministry is currently in dialogue to get the outstanding 3% on board.

The Bondholder Communications Group website will remain open through 2 pm on Thursday, February 28, 2013. Those transactions settled during the extension period will be treated as if settled on February 22, 2013. If any bonds pay interest in the interim period, adjustments will be made to provide for equivalent treatment, as calculated by the Government of Jamaica.

The New Benchmark Notes will not be offered in the United States and will not be registered under the US Securities Act of 1933, as amended (the Act). The New Benchmark Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Act.