MHTL issues first local bonds

MHTL issues first local bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Trinidad & Tobago Caribbean

Methanol Holding (Trinidad) Limited (MHTL) said it has issued its first bonds in the local market, raising TTD1 billion ($148 million) from the sale of three-year notes. The arrangers Ansa Merchant Bank, Scotiabank and Republic Bank priced the debut deal at 5.5% for the first 18 months, MHTL said in a press release. According to a source on the deal, the order book was about 1.2 times oversubscribed, which led the arrangers to price the deal in line with the initial price talk. The private place

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