SEPTEMBER 24, 2026 (Kingston, Jamaica) - Scotiabank acted as Joint Bookrunner and Dealer Manager for the Government of Jamaica’s US$1 billion international issuance of  6.25% senior unsecured notes due 2037 and a related liability management transaction. The offer attracted peak orders of approximately US$2.5 billion from more than 100 unique emerging-market investor accounts.  

In its role as Joint Bookrunner and Dealer Manager, Scotiabank was responsible for structuring, marketing and distributing the issuance to international investors. The Bank also supported the concurrent cash tender offers for Jamaica’s outstanding global bonds due in 2028, 2036 and 2039.  

The transaction followed a four-day hybrid roadshow comprising virtual and in-person investor meetings in London and New York. Jamaica met with approximately 90 investors, while more than 95 additional participants accessed the online presentation,  expanding the transaction’s reach across global markets.  

Strong demand enabled the Government to price the notes at a 6.250% coupon and yield, 25 basis points inside initial price thoughts of the 6.500% area. The notes represent Jamaica’s return to the international debt capital markets since 2023, its first US dollar-denominated issuance since 2019 and the lowest coupon achieved by Jamaica in its international market borrowing history.  

Proceeds from the new issuance are expected to finance the liability management exercise and support general budgetary purposes, reinforcing Jamaica’s proactive debt management strategy and funding flexibility.  

Scotia Group Jamaica Limited, President and Chief Executive Officer, Audrey Tugwell  Henry, said, “We are proud to have supported the Government of Jamaica on this landmark capital markets transaction. The strong response from international investors reflects confidence in Jamaica’s credit profile and long-term direction. Scotiabank’s  deep local presence, regional expertise and global market access enable us to connect Caribbean issuers with diversified sources of financing and support their strategic objectives.”

The SEC-registered notes mature on September 17, 2037, and will be listed on the  Luxembourg Stock Exchange. Through this transaction, Scotiabank reinforces its position as a trusted financial partner to governments and institutions across the region, connecting Caribbean issuers with global investors and facilitating access to capital that supports long-term resilience and growth.