The Ministry of Finance says the US$1 billion bond issue to the international market, resulted in a demand amounting to $3.5 billion, in just two and a half hours.
The Ministry has issued a statement on the success of the bond issue.
"Trinidad & Tobago successfully launched a US$1Bn 10-year bond in New York on Thursday 28th July 2016, marking its first international bond issue in three years.
The Government has received an overwhelming response to a bond of US$1 billion on the international market as Finance Minister Colm Imbert leads a roadshow in the United States.
Minister in the Office of the Prime Minister Stuart Young told today's post-Cabinet media conference that he had received a message on his phone from Minister Imbert, just prior to the start of the news conference.
Republic Bank Limited says it has executed a bond to the Government valued at $2 billion to assist in the financing of the Budget.
The Government has recently announced that it was seeking to raise funds through bonds on the local and international market.
The following is the statement issued by Republic Bank Limited today:
Finance Minister Colm Imbert will leave the country on Sunday to meet with investors in the US and England, in an attempt to sell a US$1 billion bond.
The Ministry of Finance says the Minister and his team will meet with over 20 major banks.
The following is a statement by the Ministry of Finance: