News Release
16 October 2002
TERM SHEET FOR GOVERNMENT OF JAMAICA
INVESTMENT DEBENTURE 19.75% 2004 (SERIES X)
ISSUER
Government of Jamaica
AUTHORITY
The Debentures (Local) Act, and the Loan Act,
1964 as amended.
Unlimited
OFFER VOLUME
PURPOSE
To finance the Government’s budgetary
requirements
SUBSCRIPTION PERIOD
October 22 to October 25, 2002
TENOR
18 months
MATURITY
INTEREST RATE
April 24, 2004
PRINCIPAL PAYMENTS
Principal to be repaid in three equal installments
on April 24, 2003, October 24, 2003 and at
maturity on April 24, 2004.
INTEREST PAYMENTS
First payment on April 24, 2003. Thereafter
interest will be paid half yearly on October 24 and
April 24 until maturity on April 24, 2004.
TAXATION
INSTRUMENT TYPE
Taxable
Registered and transferable
PRUDENTIAL
BUSINESS DAY
Will not qualify as a liquid asset.
In the event that a payment day occurs on a day
other than a business day, such payments will be
made on the business day preceding that date.
COMMISSION
10 Cents per J$100
REGISTRAR & PAYING AGENT
Ministry of Finance & Planning
Debt Management Unit
Ministry of Finance & Planning
October 16, 2002
Fixed at 19.75%.