Bahamas trades up despite tight 10 year comeback

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By Oliver West
16 Nov 2017

The Commonwealth of the Bahamas returned to bond markets for the first time in nearly four years on Tuesday with a tight deal that performed well in secondary.

Even as some sell-side banks delay mandated deals, the Bahamas — which has seen its creditworthiness gradually decline over several years — was able to generate significant momentum for easily its largest ever international issuance.

Furthermore, despite the group of islands having their lowest ever ...

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