Guardian Hold­ings Ltd (GHL) yes­ter­day an­nounced the suc­cess­ful ex­e­cu­tion of its TT$1.02 bil­lion bond re­fi­nanc­ing trans­ac­tion on Sep­tem­ber 9, 2025, well in ad­vance of the orig­i­nal ma­tu­ri­ty date of De­cem­ber 11, 2025.

In a news re­lease, GHL said this mile­stone trans­ac­tion un­der­scored the group’s com­mit­ment to pru­dent fi­nan­cial man­age­ment, dis­ci­plined strat­e­gy ex­e­cu­tion and de­liv­er­ing long-term val­ue for its stake­hold­ers.

“This land­mark re­fi­nanc­ing rep­re­sents the largest pri­vate cor­po­rate bond is­suance in Trinidad and To­ba­go over the past decade, reaf­firm­ing GHL’s rep­u­ta­tion as a trust­ed and re­silient leader in the fi­nan­cial ser­vices sec­tor. The strong in­vestor de­mand for this is­suance, ev­i­denced by broad par­tic­i­pa­tion, fur­ther un­der­scores mar­ket con­fi­dence in Guardian’s fi­nan­cial strength and long-term out­look,” it said.

The com­pa­ny added that this trans­ac­tion se­cured long-term fund­ing and sta­bilised its cap­i­tal struc­ture via an im­proved debt ma­tu­ri­ty pro­file.

The re­lease fur­ther not­ed that the T&T Se­cu­ri­ties and Ex­change Com­mis­sion (TTSEC)-ap­proved trans­ac­tion in­volved the ear­ly re­demp­tion and re­pay­ment of prin­ci­pal and ac­crued in­ter­est on the ex­ist­ing TT$1.02 bil­lion bond, cou­pled with the is­suance of an ad­di­tion­al TT$30 mil­lion in new bonds.

It said these were con­sol­i­dat­ed in­to a new $1.05 bil­lion bond, struc­tured across three tranch­es with three-year, six-year and ten-year ma­tu­ri­ties:

* The in­ter­est rate on the three-year tranche is fixed at the Gov­ern­ment's three-year yield plus 0.92 per cent;

* The in­ter­est rate on the six-year tranche is fixed at the Gov­ern­ment's six-year yield plus 1.28 per cent; and

* The in­ter­est rate on the 10-year tranche is fixed at the Gov­ern­ment's 10-year yield plus 1.32 per cent.

Ac­cord­ing to the Cen­tral Bank's Au­gust 2025 da­ta on the Gov­ern­ment yield curve, the three-year yield is 4.31 per cent, the six-year yield is 5.24 per cent and the 10-year yield is 5.75 per cent.

De­spite pre­vail­ing liq­uid­i­ty con­straints in the do­mes­tic mar­ket, the trans­ac­tion re­in­forces Guardian Group Trust Ltd’s (GGTL) ex­per­tise, in­fra­struc­ture and mar­ket reach to suc­cess­ful­ly ex­e­cute large and com­plex cor­po­rate fi­nanc­ing trans­ac­tions.

“This piv­otal deal re­in­forces Guardian Hold­ings Ltd’s fi­nan­cial strength and re­silience while un­der­scor­ing the con­fi­dence that in­vestors con­tin­ue to place in our group. By proac­tive­ly re­fi­nanc­ing ahead of ma­tu­ri­ty, we have as­sured our strong cap­i­tal struc­ture, se­cured long-term fund­ing and po­si­tioned GHL to de­liv­er sus­tain­able growth and val­ue cre­ation for all stake­hold­ers,” said Ian Chi­napoo, chief ex­ec­u­tive of­fi­cer, Guardian Hold­ings Ltd.

The trans­ac­tion was sup­port­ed by Hamel-Smith and Co as le­gal coun­sel and First Cit­i­zens Trustee Ser­vices Guardian Hold­ings Ltd, which ex­tend­ed its sin­cere grat­i­tude to its broad net­work of in­vestors, part­ners and ded­i­cat­ed team mem­bers whose trust, con­fi­dence and ex­per­tise made this land­mark trans­ac­tion pos­si­ble.