November 12, 2018 |
Bermuda is preparing to sell at least $500m in new notes next week, raising funds for a bond buyback, LatinFinance has heard.
Citi and HSBC are leading the Rule 144A/Reg S bond deal after taking the British overseas territory to meet investors in New York and Boston. The bonds will likely mature in 10 to 30 years, according to sources.
Bermuda could issue the new bonds as early as November 15, the day an offer to buy back up to $424m in outstanding notes expires. The island government has offer
Island government plans to fund a bond buyback with the sale of at least $500m in new notes