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Bahamas plans to sell $100 million of bonds
The Bahamas plans to sell $100 million of 30-year bonds, according to a person familiar with the offering.
The securities may price to yield 275 basis points more than US Treasuries of similar maturity, said the person, who declined to be identified because terms aren't set.
The debt is rated A3 by Moody's Investors Service, its fourth-lowest level of investment grade, and an equivalent A- by Standard & Poor's, the person said. RBC Capital Markets is managing the sale.
Source: CaribbeanNetNews
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Bahamas