Trinidad Returns to Bond Market

Trinidad Returns to Bond Market

Trinidad & Tobago Bonds

Trinidad and Tobago returned for its first international bond since 2007, upsizing by $50m to $550m after getting $5bn demand. The A/Baa1 rated sovereign priced at par with a 4.375% coupon, to yield tight to the 4.750% initial price talk. It was up 1.5 points in the grey Wednesday, traders say. “Trinidad and Tobago received good sponsorship at 4.75% and with other BBBs trading around 4.125%-4.500% area, Trinidad provides value at mid-to-low 4.000%,” Oppenheimer's managing director of investments

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial