Jamaica issues US$1B at record-low coupon, first USD bond in over a decade

The Government of Jamaica raised US$1 billion in international capital markets at a record-low coupon, its first USD-denominated benchmark issuance in over a decade and its first since Hurricane Melissa in October 2025. The record-low rate signals improved investor confidence in Jamaica's credit profile post-hurricane, though the specific coupon and maturity are not disclosed. This development matters as it reflects favorable market access for a Caribbean sovereign and could set a precedent for regional issuers.