Aruba completes 2029 private placement

Aruba completes 2029 private placement

Capital Markets Debt Caribbean

Aruba has sold a $125m January 2029 private placement to a handful of investors at par to yield 6.5%, DCM sources confirmed on Monday. The Caribbean island's 2023s were quoted at 4.4% in secondary markets last week as the new securities were being placed, one DCM banker not directly involved in the transaction said. As previously reported by LatinFinance, Credit Suisse and CIBC completed a series of investor calls for Aruba earlier this month. The new private placement comes after the sovereign

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial