The Bahamas has efficiently returned to worldwide capital markets, elevating $1.067 billion via an 11-year U.S. dollar-denominated bond issuance geared toward repurchasing $767 million in excellent Eurobonds and supporting nationwide growth priorities.
The brand new bond, which carries a coupon and re-offer yield of 8.25%, was met with robust investor demand throughout a three-day international roadshow that included over 60 institutional accounts throughout North America, Europe, and the Center East. The transaction closed with the order e book 3.9 instances oversubscribed, reflecting renewed investor confidence in The Bahamas’ financial trajectory, fiscal reforms, and credit score fundamentals.
“This transaction marks an vital step ahead in The Bahamas’ exterior financing technique,” officers famous, highlighting the operation’s contribution to extending the common maturity of the nation’s Eurobond portfolio by 2.1 years and decreasing principal funds by $451 million over the subsequent three years.
Nearly all of proceeds shall be used to execute the related legal responsibility administration operation, whereas a portion will go towards infrastructure and nationwide growth initiatives.
That is The Bahamas’ first worldwide bond issuance since 2022 and follows favorable credit score outlook upgrades from Moody’s and Fitch in April 2025. The transfer is a part of a broader financing technique that features revolutionary debt constructions such because the $300 million Debt Conversion Venture for Marine Conservation (closed in November 2024) and a $500 million worldwide mortgage supported by a $200 million Inter-American Improvement Financial institution assure in January 2024.
Rothschild & Co acted as the only real monetary advisor, and Hogan Lovells as worldwide authorized counsel to the Ministry of Finance. BNP Paribas, Citi, and Deutsche Financial institution served as World Coordinators and Joint Bookrunners, with CIBC FirstCaribbean additionally taking part as a Joint Bookrunner
