Bondholders back TSTT tap

Bondholders back TSTT tap

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

Telecommunications Services of Trinidad and Tobago (TSTT) said it has received approval to add up to TTD680 million ($100 million) to its 8.3% 2029 notes. Bondholders with 94.5% of TSTT's bonds, including 8.3% 2029 notes in Trinidad and Tobago dollars, approved the tap, the Port of Spain-based telecommunications company said in a statement on Tuesday. TSTT added that it plans to reopen the 2029 bonds within "approximately three weeks." It also said it will pay a premium of $0.05 on the dollar to

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