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Government of Jamaica revising JDX settlement date

Published:Tuesday | February 16, 2010 | 12:00 AM

The Government last night announced it was amending the final settlement date for the Jamaica Debt Exchange (JDX) programme.

In a release last night, the Ministry of Finance and the Public Service said the settlement date for the exchange offer would be amended to next Wednesday, February 24, pushing the date back from today's cut-off date.

"The JDX has been highly successful with a participation rate of more than 97 per cent, including substantially full participation from institutional investors and a strong response among retail investors," the ministry said.

"The Government of Jamaica has amended the final settlement date of the transaction to complete processing of the old-note interest payments and to finalise the processes for the issuance of the new notes in the Central Securities Depository of the Bank of Jamaica."