GOJ making huge bond payment today

The Jamaican Government is making the much publicised J$62 billion bond payment today.
  
The payment is for debt that was rescheduled.
  
Finance Minister Dr Peter Phillips, in an interview with Bloomberg TV on Wednesday,  reiterated that, with the repayment, the Government will reopen the local bond market for which he said  considerable interest was being generated.

"We're going to list some of this on our stock exchange, hoping to generate a secondary market in domestic paper," he explained.

That secondary market, he predicted, "will facilitate, not only further issues of debt, but at the same time... help stimulate and give some transparency to an important market for commercial paper that's developing as well."

Dr Peter Phillips' appearance on Bloomberg TV in New York came after he   accepted an award on behalf of Jamaica for "Latin America Bond Deal of the Year" at the 2015 International Financing Review Americas Award Ceremony.
  
The award was given for the US$2 billion worth of  bonds issued in July last year.
   
The deal was seen as record breaking for emerging markets last year.
   
Part of  the proceeds was used to repay debt to Venezuela, which reduced Jamaica's debt burden by 10 percentage points.