Barbados to fund buyback with loan

Barbados to fund buyback with loan

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Barbados Loans

Barbados plans to take out a loan from Credit Suisse and CIBC to fund the buyback of bonds that mature in 2029, a source involved in the deal told LatinFinance on Monday. "There will be a multicurrency term facility agreement arranged by both institutions, but the details of this facility are not currently public. If executed, the tender offer is conditional on the completion of this facility," the source said. Barbados expects to sign the new loan by September 21 and it will be backed by a $100

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