News Release
22 June 2004
TERM SHEET FOR GOVERNMENT OF JAMAICA
FIXED RATE 17.00% INVESTMENT DEBENTURE 2006
(SERIES Ah)
ISSUER
Government of Jamaica
AUTHORITY
The Loan Act, 1964 as amended, and the Debentures
Local Act
OFFER VOLUME
Unlimited
PURPOSE
To finance the Government’s budgetary requirements
SUBSCRIPTION PERIOD
June 25 to June 29, 2004
TENOR
21 months
MATURITY
March 15, 2006
INTEREST RATE
Fixed at 17.00% p.a.
PRINCIPAL PAYMENTS
Bullet payment at maturity on March 15, 2006
INTEREST PAYMENTS
The first interest payment will become due and
payable after three (3) months on September 15,
2004. Thereafter, interest will be paid quarterly on
December 15, March 15, June 15, and September 15,
until maturity on March 15, 2006.
The final interest payment will cover the period
December 15, 2005 to March 15, 2006, and will be
paid on March 15, 2006.
TAXATION
Taxable
INSTRUMENT TYPE
Registered and transferable
PRUDENTIAL
Will not qualify as a liquid asset.
BUSINESS DAY
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