Caribbean Bonds
Bermuda has priced BMD50m ($50m) in senior 2023 bonds, marking its first domestic transaction in a move to pave the way for development of its local market. The bond pric...
Bonds Structured Finance Caribbean
A strong regional reach and global perspective to operations makes Scotiabank stand out
Caribbean Corporate & Sovereign Strategy
Fitch has revised the outlook on Aruba’s BBB rating to negative from stable, it says. The adjustment is based on continued growth underperformance, large fiscal imbalance...
Playa Resorts Holding’s new $300m 2020 NC3 senior unsecured bond traded up following pricing, after the transaction generated $2.4bn demand. The Caa1/B rated startup hote...
Bermuda has priced $750m in new 2024 bonds, raising its largest-ever issue size and printing enough to cover its fiscal deficit over the next several years, after seeing ...
Bermuda is planning a roadshow this week ahead of a possible cross-border bond sale, according to people following the process. Escorted by Barclays and JPMorgan, the Aa3...
Corporate & Sovereign Strategy Brazil Caribbean
With a newly acquired majority stake in the Dominican Republic’s leading beer brand, AmBev is looking for further Caribbean expansion
Corporate & Sovereign Strategy Caribbean Jamaica
Digicel took advantage of falling funding rates to refinance expensive debt at much cheaper levels
S&P has cut Aruba to BBB+ from A minus, it says. "The downgrade reflects deteriorating fiscal and external balance sheets," S&P says. The agency points to rising debt and...
Fitch Ratings has downgraded AA minus from AA, it says, based on deterioration in the economy and the government’s finances. The agency points to four years of economic c...
Brazil Central America Caribbean
Companhia de Bebidas das Americas (AmBev) sees potential for further acquisitions in Central America and the Caribbean, following a purchase of a stake in the Dominican R...
Rising government debt and continued recession conditions for Bermuda’s economy have led Moody’s to place its Aa2 rating on review for downgrade, the agency says. “The re...
Caribbean Bonds Corporate & Sovereign Strategy
S&P has revised the outlook on Bermuda’s AA minus credit rating to negative from stable, it says, due to higher risk in several key areas. “Bermuda is experiencing a prol...
Grenada plans to attempt to start restructuring discussions with creditors, including holders of its USD and ECD-denominated 2025 bonds, it says. On March 8, the governme...
S&P has returned Grenada’s credit rating to SD from CCC+, it says, sending it back to the level where it was before an October upgrade to CCC+. The move comes after Grena...