by Amruth Sundarkumar | Oct 10, 2022 | Credit Ratings, Sovereign Bonds, Sovereigns
Bahamas was downgraded to B1 from Ba3 on the back of a high degree of “government liquidity risk” with the nation constrained by funding options given elevated external borrowing costs. This could lead to difficulties in paying its external payments and...
by Amruth Sundarkumar | Jun 16, 2022 | Sovereign Bonds, Sovereigns
Dollar bonds of Bahamas bond fell over 7-10% on Thursday despite its recent oversubscribed bond issuance. Last week, Bahamas issued two tranches of offshore bonds of $385mn, including a $250mn 7Y bond at a yield of 13.5%. It also issued a $200mn bond partially backed...
by Amruth Sundarkumar | Sep 30, 2021 | Sovereign Bonds
The Bahamas saw some of its dollar bonds trade weaker on Wednesday with its 7.125% 2038s leading the fall, dropping ~7.5 points to 86.9 before recovering slightly this morning to 89.4 yielding 8.32%. While the reason for the sell-off is not clear, it comes after noted...
