Barbados Closes Loan

Barbados Closes Loan

Barbados Loans

Barbados has closed a $150m, 5-year syndicated loan, according to people familiar with the process. The facility pays Libor+700bp and features an 18-month grace period. Credit Suisse and First Caribbean led the deal, and brought in Belize Bank, Guyana Bank for Trade & Industry, Banco de Occidente, First Citizens, Metrobank and Bank of Butterfield. The Ba1/BB minus sovereign turned to the loan market after putting off bond plans in October. Barbados had been looking to replace some $250m of its 7

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