IN just two and a half hours after a Government of Trinidad and Tobago bond, with a prospective offer size of US$750 million ($5.1 billion), was launched on the international capital market, offers totalling US$2.1 billion ($13.6 billion) were received, indicating an oversubscription of 180%.
Finance Minister Colm Imbert yesterday described the bond offer as a “tremendous success”, saying that the oversubscription was “confirmation of the confidence that the international financial community has in the Ministry of Finance and the Government of Trinidad and Tobago”.
Imbert said in a statement the international bond was planned and “superbly executed” in only one month.
As part of the bond offer, Imbert said he conducted a nine-hour-long virtual roadshow on Monday, during which he delivered…
