Source: www.caribbeannewsglobal.com, Editor, First Published January 26, 2026 PORT OF SPAIN, Trinidad – On 22 January, 2026, the government of the Republic of Trinidad and Tobago successfully completed the issuance of a USD 1.0 Billion Sovereign Bond in the United States (US) market. The bonds were oversubscribed by approximately 2.5 times, underscoring strong and diversified investor demand for investment into this country. Minister of finance, Davendranath Tancoo said: “The successful issuance represents a clear validation of the sovereign’s credit fundamentals and new disciplined policy framework”. He further added, “achieving pricing tighter than benchmarks, while also attracting an order book 2.5 times the final issue size in the US market, reflects sustained investor confidence in the credit and improved risk perception of the new government of the Republic of Trinidad & Tobago”. On January 16, 2026, the Ministry of Finance (MOF) announced a three day roadshow comprising inperson and virtual meetings with key international investors. The delegation from Trinidad and Tobago met with 50+ fixed-income investors via one-onone and group sessions to provide an update on the sovereign credit and the rationale for the transaction. At the open of business in New York on January 22, 2026, with a favorable market backdrop, supported by strong indications of interest from the roadshow led by finance minister and the governor of the Central Bank of Trinidad & Tobago (CBTT), Larry Howai- the Joint Bookrunners recommended that Trinidad and Tobago announce the benchmark transaction, as a result, the orderbook climbed quickly throughout the morning with large orders from real money accounts. TRINIDAD AND TOBAGO USD 1 BILLION SOVEREIGN BOND SUCCESSFULLY ISSUED IN THE US MARKET Leveraging over 140 orders from top accounts, Trinidad and Tobago took the book subject at 12:00 pm and shortly thereafter announced guidance. On the back of a solid orderbook that remained stable after the guidance announcement, this country launched the US$1.0 billion bond with a 20-bps (basis points) compression from Initial Price Talks (IPTs). The new US$1.0 billion ten-year senior unsecured bond successfully closed at a 6.500 percent coupon and 98.552 percent price.The notes will be listed on the Luxembourg Stock Exchange and will be governed by the laws of New York. Key transaction highlights: US$1 Billion notes due 2036 • Achieved the largest bond transaction in the past 13 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 01 OPENING LINES
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