Barita Jamaica Debt Exchange

 

Barita Investments Limited has advised that Jamaica Debt Exchange Programme is very likely to impact the financial position of the company. The extent of this impact based on our projections is outlined as follows:
              
  The revenue generating capacity of the organization vis-à-vis GOJ Fixed Income Securities will be negatively affected with the 
   participation in the JDX. The reduction in interest rate will adversely  impact the Net Interest Income revenue stream resulting in   
   approximately 20% reduction in projected income levels.
 
   The impact on the Balance Sheet will be negligible as Barita Investments Limited will continue to maintain liquidity and capital  
    adequacy levels greater than minimum required levels.