Bahamas ratchets in yield on bond return

Bahamas ratchets in yield on bond return

Bonds Debt Capital Markets Fixed Income Regions Bahamas

The Bahamas printed $750m in 11-year amortizing bonds on Tuesday after leads priced the trade flat to the Caribbean sovereign's curve, LatinFinance understands. Deutsche Bank and RBC started price talk in the 6% area and then set guidance in the 6.25% area, DCM bankers confirmed. The duo tightened yields to 6% and priced the transaction at par on the back of $2.6bn in orders. Bahamas' existing $300m in 7% 2029s were spotted at 5.98% in Tuesday's secondary trading, one banker said. The new paper

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