Barbados gets near unanimous response in bond swap

Barbados gets near unanimous response in bond swap

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Regulation Barbados Caribbean United States

The government of Barbados said international creditors holding 94% of $677 million in outstanding bonds have agreed to participate in a bond swap.The government needed investors with 75% of the bonds to approve the debt exchange for the deal to go through, it said in a statement.The government reached a restructuring deal with creditors in October and announced the terms of the bond swap on November 5, offering to exchange $540 million in outstanding dollar bonds for new 10-year notes. The Barb

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