T&T’s Government to Borrow Up to US $1Bn On International Market

• The Government of Trinidad and Tobago plans to borrow up to US$1 billion from international investors. This money will be used for general development projects and to repay previous loans. The money is being raised through the international capital market, which is where governments and companies sell debt (bonds or notes) to large investors around the world.
• Under the External Loans (Tax and Exchange Control Exemption) Order, 2026, signed by Minister of Finance Davendranath Tancoo on Monday, payments of principal, interest, and other debt charges on the Notes will be exempt from all taxes and exchange control.
• The Notes will be offered for sale exclusively to Qualified Institutional Buyers in the United States under Rule 144A of the US Securities Act, and to buyers outside the US under Regulation S.
• The Government has appointed J.P. Morgan Securities LLC and Bank of America Securities Inc. as Joint Lead Managers/Arrangers to facilitate the issuance.
• Registering a bond or stock with the SEC for a public offering can take months and cost millions in legal and accounting fees. By using Rule 144A and Reg S, a company can raise hundreds of millions of dollars in a matter of days by going directly to the world's biggest professional investors.

(Source: Trinidad Express)