JIS News

It has been brought to the attention of the Ministry of Finance and the Public Service that some local investors have not been credited with principal and interest payments on the Government of Jamaica’s €200M 10.50% Notes due February 11, 2009.
Investors are advised that while the payment in the amount of €221 million was due on February 11, 2009 the Government of Jamaica credited the Paying Agent, Deutsche Bank AG, Frankfurt Am Main on February 10, 2009, in conformity with the stipulations of the Agreement. The receipt of funds was confirmed on February 10, 2009 by Deutsche Bank AG – Frankfurt.
While the Government of Jamaica has fulfilled its requirements under the Agreement, every effort is being made to ascertain the reason for the delay in payment to local investors.

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