Jamaica sold $250 million global bonds yesterday, Tuesday, at a yield of 8.55%. The 30-year bonds are due February 28 2036 and are rated B by Standard & Poor’s and B1 by Moody’s Investors Service. Jamaica last issued a long-term global bond in October, when it sold $250 million 20-year globals at a yield of 9.375%.
Category: Caribbean
Posted inMagazine
Hunting for Champions
LatinFinance picked over 20 banks across Latin America and the Caribbean as the very best in the business. This is how we chose the winners.
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Caribbean Dreams
Venezuela’s Petrocaribe aims to help the Caribbean cope with rising oil prices. But with payments deferrable for 25 years, someone’s going to be left holding the bag.
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Heading Downstream
Soaring oil and gas prices are pounding Caribbean economies. But Trinidad & Tobago, the region’s largest producer of gas and oil, is flying high.
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High Expectations
With the bottom falling out of agricultural markets, Caribbean governments are now being forced to diversify their economies and get serious about economic integration.
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Kings and Queens
LatinFinance has compiled its second annual ranking of the 50 most powerful and influential people in Latin America and the Caribbean, spanning business, politics, government, academia and even pop culture.
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Looking Beyond the Horizon
Vast oil wealth has made Trinidad & Tobago the Caribbean’s financial center, but limited opportunities at home are driving banks offshore.
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Sun, Sand and Sports
The Caribbean is selling itself to sports fans, starting with cricket. Governments are already spending millions to prepare for the 2007 Cricket World Cup.
Posted inDaily Brief
Digicel Expands
Telecommunications firm Digicel won a spectrum auction to operate a mobile network in Trinidad and Tobago, marking the company’s latest expansion. Last week Digicel acquired Cingular’s assets in the Caribbean and signed a roaming agreement with the US giant. Bermuda-based Digicel hopes to create a cohesive telecom network across the Caribbean and has already invested $600 million to expand operations into 15 countries.
Posted inDaily Brief
Digicel Buys Cingular Unit
US-based Cingular Wireless has agreed to sell its Caribbean operations to Bermuda-based Digicel Group, in a deal that will expand the company’s network to Anguilla, St. Kitts, Nevis, Antigua, Barbuda, and Dominica. Digicel promises to create a “seamless pan-Caribbean telecommunications network,” and announced a roaming agreement with Cingular. The transaction, which is subject to regulatory approval, is expected to close in four to six months.