Trinidad Plans DCM Visit

Trinidad and Tobago is preparing to meet bond investors ahead of what would be its first international bond in more than six years, according to people following the matter. The A/Baa1 sovereign will visit accounts in London, New York, Los Angeles and Boston Friday through Tuesday. A deal would follow if market conditions permit. Citi is managing the process. Trinidad’s last visit to the DCM was a $150m 2027 offering in 2007, according to Dealogic. Eric James, permanent secretary in the finance ministry, told LatinFinance in March that Trinidad was considering a $500m bond this year in order to reestablish a presence in the markets, despite not being an immediate need of new funds. Elsewhere in the DCM, Miner Hochschild was due to finish a roadshow Wednesday, and AES Gener was due to finish a marketing effort by today.