Barbados Puts Off LM

Barbados Puts Off LM

Barbados Bonds

Barbados has postponed its plans for a tender and new 2025 bond, according to people familiar with the transaction. There was no immediate indication if it would attempt another pricing. Barbados had extended to Tuesday the deadline for its tender offer targeting $250m in outstanding bonds and had been out with 8.75%-area initial price thoughts for the new bond. Deutsche Bank and CIBC were managing. The Ba1/BB+ island nation was looking to replace its 7.25% 2021 bonds and 7.00% 2022s. Accepting

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