Barbados tender extension delays new bond
The Government of Barbados has indicated price talk of 8.75% yield area for its new 2025s, but pricing has been delayed after the country pushed back the deadline for a tender offer for its 2021 and 2022 bonds by 24 hours.
The new deadline for the tender offer expired at 11.59pm on Tuesday October 1. The Ba1/BB+ rated Caribbean island is using proceeds of the new issue to finance the bond buyback. Barbados has authorisation to issue up to $500m.
By the end of Monday, $57.538m of the
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