Government Plans To Raise US $1 Billion (TT $7 Billion) On International Market
The Government of Trinidad and Tobago is planning to raise US $1 billion (TT $7 billion) on the international market. This was revealed in Legal Notice No. 9 of 2026, published online and dated 13th January, 2026, and signed the previous day by Finance Minister Davendranath Tancoo, on 12th January, 2026.
The item said while the Government intends to issue notes of up to US $1 billion on the international market and offer them for sale to qualified institutional buyers, both within and outside of the United States, it was now expedient that the Minister make an order to do so.
It further said the Government has appointed JP Morgan Securities LLC and Bank of America Securities Inc., to act as joint lead managers/arrangers to facilitate the issuance of the notes.
With this deal being done under Trinidad and Tobago’s External Loans Act (Section 6), the act allows the Minister (by order) to exempt certain items – the payment of principal, interest and any other debt charges – from all taxes or exchange control. “The payment of principal, interest and other debt charges in respect of the notes are exempt from all taxes and exchange control.”
More on this as it becomes available.
[Source: Newsday]
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