ten years for the Republic of Trinidad & Tobago • Achieved largest orderbook in the last five (5) years of US$2.4bn (despite 2 Negative Rating Outlooks) • Increased participation in number of total investors (144 unique investors in 2026 vs 93 unique investors in 2024) • Repositioned T&T’s credit with a large, diverse and high-quality investor base • Compressed pricing by 20 bps from IPTs to Launch Level 18, Finance Building, Eric Williams Financial Complex, Independence Square, Port of Spain, Trinidad and Tobago, WI. • Materially extended external debt maturity profile average life of the Republic (from 4.1y average life to 6.3y average life • Fully addressed the August 2026 external bond maturity of US$1Billion. The transaction was priced at levels approximately 54.6 basis points tighter than the sovereign’s original issuance of this US$1Billion transaction, issued in 2016. The transaction also achieved compression in spreads for IPT and priced inside benchmarks and prevailing emerging-market levels.This transaction meaningfully enhances Trinidad and Tobago’s sovereign’s funding profile, and further supports continued engagement with global investors on increasingly favorable terms. 14 BUSINESS VIEW CARIBBEAN VOLUME 13, ISSUE 01
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