Fixed Income Analysis /
Bahamas

The Bahamas becomes a frontier bond market

  • The Bahamas issued a new US$600mn 2032 bond last week, priced to yield 9.25%

  • We think it's the highest yield on a new sovereign bond issue with this kind of tenor this year

  • The new issue risks repricing the Bahamas curve, and even its sovereign rating, pricing more like a B than a BB credit

The Bahamas becomes a frontier bond market
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
13 October 2020
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