{
  "id": 6915269,
  "title": "Jamaica’s Bond Buyback Targeted US$2.33 Billion and Got Back a Fifth",
  "url": "https://urgent.news/2026/09/12/jamaicas-bond-buyback-targeted-us-2-33-billion-and-got-back-a-fifth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T10:43:00.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/jamaica-bond-buyback-investors-offer-back-a-fifth-2026/"
  },
  "original_language": "en",
  "account": "Jamaica's bond buyback targeted roughly US$2.33 billion of its international debt, but only received about a fifth of that amount. The 2028 notes drew US$343.2 million, while the 2036 notes and 2039 notes drew US$131.3 million and US$2.15 million respectively. The 2036 bond, which pays the highest coupon, saw almost no investors willing to sell, as it is a valuable asset in a falling-rate world. The 2028 bond, maturing in about two years, saw the strongest response. The buyback aims to replace expensive or near-dated debt with cheaper or longer-dated borrowing, smoothing the repayment profile and potentially lowering interest costs.",
  "summary": "Investors offered US$476.6 million against a target of roughly US$2.33 billion. Holders of the highest-coupon bond had the least reason to sell. The post Jamaica’s Bond Buyback Targeted US$2.33 Billion and Got Back a Fifth appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}