JMMB prepares to take US$250m Caribbean sustainability bond to market

JMMB Securities plans to court international investors for a US$250-million Caribbean sustainability bond to back pooled climate and development projects. The bond will be issued by Caribbean Sustainability Investments Limited (CSIL), with the CARICOM Development Fund as project sponsor and JMMB Securities as lead arranger and broker. Proceeds are expected to support renewable energy, resilient infrastructure, water and wastewater systems, food security, affordable resilient housing, healthcare and climate-adaptation projects.