The Government of Trinidad and Tobago has formally announced its intention to secure up to US$1 billion in financing through the international capital markets. This strategic move will be facilitated by two prominent global financial institutions, JP Morgan Securities LLC and Bank of America Securities Inc, which have been appointed as joint lead managers and arrangers for the upcoming bond issuance.
Proceeds from this significant international borrowing initiative are earmarked for two primary objectives: funding a portfolio of general national development projects and refinancing existing government debt. By accessing the international capital market, the administration aims to engage with large-scale global investors through the issuance of sovereign bonds or notes.
A crucial legal framework for this transaction was established through the External Loans (Tax and Exchange Control Exemption) Order, 2026, which received official authorization on Monday from Finance Minister Davendranath Tancoo. This legislative instrument provides comprehensive tax exemptions and exchange control waivers for all financial obligations associated with the notes, encompassing principal repayments, interest accruals, and associated debt servicing charges.
The bond offering will be structured to comply with international securities regulations, targeting qualified institutional buyers within the United States under Rule 144A of the US Securities Act. Simultaneously, the issuance will be available to international investors outside the United States through Regulation S provisions, ensuring broad global market participation in Trinidad and Tobago’s debt instrument.