TransJamaican Highway prints cross-border bonds

TransJamaican Highway prints cross-border bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Asset Management Funds Project & Infrastructure Finance Regulation IPO Jamaica Caribbean

TransJamaican Highway Limited (TJH), a toll road concession owned by the Jamaican government, sold $225 million worth of 5.75% 2036 notes on Friday, in a deal that was more than three times oversubscribed, according to sources close to the deal. Led by the sole bookrunner UBS, the company priced the 16.75-year notes at par to yield 5.75%, the sources said. "This is the first indigenous issuance in many years and it was very successful," one source said. TJH had opened the initial price talk in t

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