Barbados adds to bond buyback

Barbados adds to bond buyback

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

Barbados has increased the size of a bond buyback to $77 million from $70 million after investors tendered $170 million in 6.5% 2029 notes, or roughly 32% of the outstanding amount, according to a source involved in the deal. The Caribbean nation has agreed to pay $92.25 for every $100 in principal to bondholders who tendered their notes by the deadline on September 15, it said in a press release on Monday. Credit Suisse and CIBC were the dealer managers on the buyback, it added. A source told L

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