Bermuda looks to set new benchmark

Bermuda looks to set new benchmark

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Caribbean

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

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