T&T Considers Dollar Bond

T&T Considers Dollar Bond

Caribbean

Trinidad & Tobago's finance ministry is considering a dollar-denominated $500m bond in Q1 2011 Janette Cupid St. Hilaire, the country’s director of public sector finance tells LatinFinance. Terms have not been determined and banks have not been selected, she says. Proceeds are to finance T&T’s deficit for fiscal year 2011-12. JPMorgan estimates that the deficit for the fiscal year will reach $1.2bn, or 5.5% of GDP. T&T issued a 20 year $150m bond in 2007 through Citi that priced to y

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