Bahamas to Meet Buyside

The Bahamas plans to start fixed-income investor meetings today, according to people familiar with the matter. The sovereign is visiting accounts in London, Boston and New York before finishing in Los Angeles Friday. JPMorgan and RBC are managing. A3/A minus Bahamas last sold $300m in new 2029 bonds at a yield of 7.0% in 2009. The sale through RBC and First Caribbean drew nearly $400m in orders and was upsized from $250m. The 2029 bonds were seen trading to yield 5.75% last week.