Trinidad and Tobago to borrow up to US$1B on international market

The Trinidad and Tobago Government plans to borrow up to US$1 billion from international investors to finance development projects and refinance existing debt.

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The funds will be raised through the international capital market, where governments and corporations issue debt instruments such as bonds or notes to large institutional investors.

Under the External Loans (Tax and Exchange Control Exemption) Order, 2026, signed on Monday by Minister of Finance Davendranath Tancoo, payments related to the Notes — including principal, interest and other debt charges — will be exempt from all taxes and exchange controls.

The Notes will be offered exclusively to Qualified Institutional Buyers in the United States under Rule 144A of the U.S. Securities Act, and to investors outside the United States under Regulation S.

J.P. Morgan Securities LLC and Bank of America Securities Inc. have been appointed joint lead managers and arrangers for the issuance.