Bermuda eyes bond sale, liability management

Bermuda eyes bond sale, liability management

Caribbean Bonds

Bermuda will hit the road for a prospective bond sale to fund a tender offer for its 5.603% 2020s and 4.138% 2023s, a debt capital markets banker told LatinFinance. The British island territory picked HSBC to lead meetings in the capital Hamilton tomorrow, before visiting investors in Germany, New York, Boston and Los Angeles through October 7. Bermuda aims to buy back up to $150m in either its $500m in outstanding 2020s or from its $475m outstanding in 2023s. Holders of the 5.6%

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