Development Bank of Jamaica

In addition to providing direct loans via co-financing with other financial institutions, the Direct Client Relationships Department provides financial structuring services. Through our established relationships with local and foreign financial and multi-lateral institutions, the DBJ will source appropriate funding for development projects.

DBJ has acted as lead bank in the structuring of major capital syndications:

1. In 2004 the Bank successfully sourced US$30M in financing from the Caribbean Development Bank and the OPEC Fund in support of a major hotel development.
2. In 2006 the Bank successfully structured and raised US$38M in support of a major Wastewater Treatment Project.

Policy and Procedures

1. The client should provide the DBJ with a detailed Business Plan on the development project which requires financing. DBJ will collaborate with the client to decide on the appropriate type of financing which will be suitable for the project or activity. E.g. grant, debt financing or equity.
2. DBJ will review the project plans in line with the requirements of financiers and prepare the relevant Information Memorandum.
3. DBJ will solicit potential financiers for specified development projects being undertaken.
4. In the event that the DBJ may wish to participate in financing any projects identified, DBJ will lend up to 40% of the total project cost or up to a maximum of J$500M (or US$ equivalent) where projects are co-financed.
5. Where DBJ provides funding whether as a sole lender or via syndication, the client will only be required to pay to DBJ the relevant commitment fee. The finder’s fee will not be applicable.

Finder's Fee

DBJ will charge a finder’s fee of up to 5% of the total financing committed.