S&P lowers Barbados amid hefty debt load

Economy & Policy Capital Markets Debt

Caribbean island enters selective default after missing coupon payment on its 6.625% 2035s

Barbados reveals plan to address debt, FX reserves

Fixed Income Economy & Policy Corporate & Sovereign Strategy

Caribbean island says public debt is more than 175% of GDP, while gross reserves was $220m at May 31

CEF unveils 2019 LM results

Capital Markets Debt Barbados

Caribbean energy company purchases roughly $432m in 6.75% paper, shortly after printing $400m in fresh eight-year debt

CEL pens two-part bond, RCF package

Capital Markets Debt Bonds

Barbadian energy unit nabs $400m in eight-year paper, adds $125m to its 2022 FRN, tacks on $225m in revolving credit and seals $600m in B loan funding at the tight end of...

CEL talks bonds, loans

Loans Debt Energy

Barbados-headquartered methanol producer shops for multi-faceted debt package, picks banks for investor meetings

Caribbean economies get their books in order

Bonds Debt Capital Markets

With commodity prices stabilizing and tourism numbers expected to increase, prospects for growth in the Caribbean are rising, but concerns about the fiscal side linger on...

Intertug takes syndicated loan

Loans Colombia Mexico

Colombia tugboat company secures a five-year facility from three banks

Barbados' Sinckler explores potential LM exercise

Caribbean Barbados Bonds

The Caribbean island is grappling one of the region's heaviest debt loads, but any work in debt reduction needs to be voluntary, FinMin tells LatinFinance

Barbados ponders local liability management

Barbados Bonds Loans

Any debt reduction exercise from the Caribbean island would have to be voluntary, not distressed or forced

S&P downgrades Barbados

Barbados Corporate & Sovereign Strategy

Caribbean sovereign issuer falls a notch to CCC due to soaring government debt and low international reserves

Cable & Wireless prints 2027s

Barbados Bonds

Telecommunications company gets $700m in bonds to refinance acquisition-related debt

Cable & Wireless sounds out bond buyers for 10-year note

Caribbean Barbados Bonds

LatAm and Caribbean communications provider picks BAML, Barclays, BNP Paribas, Goldman Sachs and Scotia to lead a $700m trade

Moody's downgrades Barbados

Barbados Bonds Economy & Policy

Rating agency warns the Caribbean island faces increasing chances of a default

Cemex ups the ante for Trinidad Cement takeover

Mexico Trinidad & Tobago M&A

Mexican cement maker offers close to $100m to take a 75% in the Caribbean company

S&P drops Barbados deeper into junk

Caribbean Barbados Corporate & Sovereign Strategy

Rating agency gives Caribbean nation a negative outlook after debt-to-GDP rose to 106% last year