Trinidad and Tobago begins any-and-all tender offer for 2024 notes

By Marisa Wong

Los Angeles, Sept. 5 – The Republic of Trinidad and Tobago began a cash tender offer on Tuesday for any and all of its $550 million outstanding 4 3/8% notes due Jan. 16, 2024 (Cusip: P93960AF2, 896292AH2), according to a press release.

The republic is offering a purchase price of $996.50 per $1,000 principal amount. Holders will also receive accrued interest.

The offer will expire at 5 p.m. ET on Sept. 12.

Settlement is expected to be on Sept. 14.

The tender offer is subject to some conditions, including completion of a sale of new debt securities.

J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279) and Scotia Capital (USA) Inc. (833 498-1660; LM@scotiabank.com) are dealer managers for the tender offer.

The depositary and information agent is Global Bondholder Services Corp. (contact@gbsc-usa.com; 855 654-2014 or 212 430-3774 for banks and brokers).

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