Jamaica Sells $2 Billion in Bonds to Repay Petrocaribe Debt
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Jamaica sold $2 billion in bonds to help pay down debt owed to Petroleos de Venezuela SA under the Petrocaribe program.
The Caribbean nation sold $1.35 billion in bonds due 2028 to yield 6.75 percent and $650 million of notes due 2045 to yield 7.875 percent, according to a person familiar with the matter, who isn’t authorized to speak publicly and asked not to be identified.