February 7, 2022 |
Telecommunication Services of Trinidad and Tobago (TSTT) started calling investors on Friday to drum up interest in a tap of its 8.3% 2029 bonds for up to TTD680 million ($100 million), a source involved in the deal told LatinFinance.
TSTT, the largest telco in the country, has hired Oppenheimer and Republic Bank as joint lead managers on the tap, the source said.
TSTT announced plans to sell bonds on Wednesday, but it waited until after it held its quarterly earnings call on Friday to start tal
Trini telco plans to add $100 mln to its 2029 bonds to cover severance pay in a downsizing plan, source says