International market

Demand for US$1 billion bond reached US$3.5 billion hours after issue

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.

Finance Minister hits the road to sell US$1 billion in bonds on international market

Finance Minister Colm Imbert will leave the country next month in a bid to sell US$1 billion in bonds to financial institutions in the United States.

The Minister told today's post-Cabinet meeting that he was going to visit several cities, including New York and perhaps Los Angeles, to engage financial institutions there.

He will be accompanied by officials of the Ministry of Finance and they will market the economy of this country to the institutions.