October 6, 2020 |
Bahamas plans to issue bonds of intermediate maturity to raise funds for the 2020-2021 budget and has mandated Credit Suisse and RBC to lead the deal, according to a source involved in the deal.
The banks started making calls to investors on Monday, looking to come to market with new notes before the end of the week, the source said.
The Caribbean nation faces a budget deficit of roughly $1.3 billion, the largest in its history, and it is expected to see a $1.13 billion drop in revenues by the m
Caribbean issuer plans to raise funds as it faces a budget deficit of $1.3 bln