Business Watch: Did the Gov't over price a US$1BN bond?

Date: 
Tuesday, August 2, 2016 - 23:00

In a bid to partly finance the 2016 fiscal deficit, the T&T government went to the international market last week to get money by raising a US$1bn bond, which is equivalent to TT$6.7bn.

Questions have been raised about whether the 4.5 percent interest rate on the 10-year bond, was a good deal for T&T.

Judy Kanhai reports in tonight's Business Watch