Trinidad’s RBTT Eyes Jamaica Highway Financing

RBTT is eyeing the expansion of Jamaica’s Highway 2000 that should come to the market in 4 to 5 months, according to Christopher Mack, vice president of capital markets for RBTT. The $300m deal will be a combination of a refinancing of bonds issued to fund the first phase of the project and new debt, Mack says. RBTT was the lead bank in the placement of a February 2004 $130m bond issue that financed the first phase of the highway, Mack adds. RBTT was acquired by Canada’s RBC in June for $2.2bn.