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Trinidad Bank to Meet Buyside
First Citizens is set to meet fixed income investors. The second largest bank in Trinidad, which also operates in Barbados and St. Lucia, is visiting the US and Europe Friday through Tuesday. Though the meetings have been set up as “non-deal,” a Moody’s report suggests the bank seeks to raise $200m at a maturity yet to be defined. JPMorgan is managing the process. The BBB+/A2 bank has a $100m 2011 bond due in February. Its most recent bond deal was a $100m 2012 sold in 2005 through Bear Stearns, according to Dealogic.
