The Gov­ern­ment com­plet­ed the is­suance of a US$1 bil­lion sov­er­eign bond in the Unit­ed States mar­ket on last Thurs­day.

The bond was is­sued un­der a Rule 144A and Reg S for­mat with a tenor of 10 years and a ma­tu­ri­ty date of Jan­u­ary 28, 2036. The coupon was set at 6.50 per cent, with in­ter­est payable on Jan­u­ary 28 and Ju­ly 28 of each year, be­gin­ning Ju­ly 28, 2026. Set­tle­ment is sched­uled for Jan­u­ary 28, 2026.

The bonds were is­sued as se­nior un­se­cured oblig­a­tions of the Re­pub­lic of Trinidad and To­ba­go and are gov­erned by New York law. The se­cu­ri­ties will be list­ed on the Lux­em­bourg Stock Ex­change. Joint bookrun­ners for the trans­ac­tion were JP Mor­gan and Bank of Amer­i­ca.

The Min­istry of Fi­nance said the is­suance at­tract­ed sub­scrip­tions of about 2.5 times the fi­nal is­sue size. The pro­ceeds will be used to fund the ten­der of­fer and re­lat­ed in­ter­est on the 4.500 per cent US dol­lar notes due in 2026 that were ten­dered and ac­cept­ed, as well as for bud­getary pur­pos­es.

Min­is­ter of Fi­nance Dav­en­dranath Tan­coo said the trans­ac­tion re­flect­ed in­vestor re­sponse to the Gov­ern­ment’s pol­i­cy frame­work and cred­it po­si­tion.

The Min­istry al­so not­ed that a road­show was held be­tween Jan­u­ary 16 and 18, 2026, in­volv­ing meet­ings with fixed in­come in­vestors. The del­e­ga­tion in­clud­ed Min­is­ter of Fi­nance Dav­en­dranath Tan­coo and Gov­er­nor of the Cen­tral Bank of Trinidad and To­ba­go Lar­ry Howai.

The Min­istry of Fi­nance said the is­suance ad­dressed the Au­gust 2026 ex­ter­nal bond ma­tu­ri­ty and ex­tend­ed the av­er­age life of ex­ter­nal debt.