Trinidad Cement targets dual-currency bond

Trinidad Cement targets dual-currency bond


Trinidad Cement is hoping to include a local currency tranche in the seven year non-call four bond of up to $325m that it began roadshowing on Monday, LatinFinance understands. The B/B- rated bond is set to comprise a dollar tranche of $275m to $300m, and a Trinidadian dollar tranche of $25m to $50m equivalent. The local currency tranche comes as some of the lead managers expect interest from local investors, although it is difficult to gauge how strong that demand will be, LatinFinance hears. I

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