Barbados Extends Tender

Barbados Extends Tender

Barbados Bonds

Barbados extended to Tuesday the deadline for its tender offer targeting $250m in outstanding bonds, it says, from Monday. The Ba1/BB+ island nation was expected to fund the buyback of the 7.25% 2021 bonds and 7.00% 2022s with a new 2025 bond this week, and the market awaited details late Tuesday. Barbados is still indicating an 8.75%-area yield target, according to people following the process. Deutsche Bank and CIBC are managing. Accepting holders of the 2021 notes will receive $980 per $1,000

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