July 29, 2016 |
Trinidad & Tobago sold $1bn in 4.5% 2026 bonds yesterday, latching onto investor appeal for the sovereign's newly appointed administration, LatinFinance understands.
Sole bookrunner Deutsche Bank and joint lead manager First Citizens launched initial price thoughts in the high 4% area, debt capital markets sources said. Orders swelled to around $3bn, enabling the pair to tighten yield to 4.625% at guidance, before launching at 4.5%. The 2026 bonds priced at par. The Caribbean oil
Oil-dependent Caribbean sovereign capitalizes on positive investor sentiment to sell benchmark size issue