Pandemic slashes tourism, cuts into Caribbean economies

Economy & Policy Funds Debenture

Island nations feel increased fiscal pressure from sharp decline in foreign-currency inflows

IMF forecasts difficult times for the Caribbean  

Capital Markets Debt Corporate & Sovereign Strategy

Caribbean nations agree to a collective approach to access international financing

Hermione One Maritime signs syndicated loan

Loans Debt Bahamas

Bahamas-based shipping firm gets $175m from DZ Bank, Siemens and SocGen

Bahamas picks up a pair of IDB facilities  

Loans Debt Bahamas

Caribbean island gathers $130m to fund natural disaster prevention and boost public sector IT services

Bahamas ratchets in yield on bond return

Bonds Debt Capital Markets

Caribbean island snares $750m from hungry bond buyers, tightens spread all the way from IPT to final pricing

S&P downgrades the Bahamas

Caribbean Bahamas Corporate & Sovereign Strategy

Caribbean sovereign loses its investment grade status due to weaker than expected GDP growth

JHSF mulls sale of US, Uruguay units

Brazil Bahamas M&A

Brazilian holdco considering selling five units to pay debt and invest in new real estate projects

Bahamas cut by S&P after Baha Mar bankrupcty

Caribbean Bahamas Corporate & Sovereign Strategy

Ratings agency cites weakening economy in the Caribbean nation, and a resort’s bankruptcy for downgrade

Bahamas Decides to Wait

Bahamas Bonds

After finishing fixed-income investor meetings this month, Bahamas has decided to wait on its international bond plans, according to a finance ministry spokesperson. “Fro...

Bahamas to Meet Buyside

Bahamas Bonds

The Bahamas plans to start fixed-income investor meetings today, according to people familiar with the matter. The sovereign is visiting accounts in London, Boston and Ne...

Shipper Clinches HY Bond

Bahamas Bonds

Ultrapetrol, a Bahamas-based South America-focused industrial shipping specialist has priced a $200m bond, landing a deal during a week in which investor skittishness abo...

Shipper Preps HY Bond

Bahamas Bonds

Ultrapetrol, a Bahamas-based South America-focused industrial shipping specialist is preparing a new $200m bond, it says. The issuer is preparing 2021 NC3 bonds pricing a...

S&P Negative on Bahamas

Bahamas Corporate & Sovereign Strategy

S&P has revised the outlook on the Bahamas' BBB rating to negative from stable, it says, based on a deteriorating fiscal profile. The agency sees a government fiscal defi...

Bahamas Expects Moderate Growth in 2011

Caribbean Bahamas Economy & Policy

The central bank of the Bahamas said it is expecting moderate GDP growth this year. “The recovery in the domestic economy is projected to gain momentum over the balance o...