The Min­istry of Fi­nance an­nounced yes­ter­day that Gov­ern­ment was suc­cess­ful in rais­ing an US$800 mil­lion sov­er­eign bond in the US mar­ket.

In a news re­lease last night, the min­istry said the bonds were over­sub­scribed by ap­prox­i­mate­ly 400 per cent, rep­re­sent­ing the largest lev­el of over­sub­scrip­tion achieved by T&T since the is­suance of the coun­try’s first bench­mark-size bond in 2013.

The min­istry said the notes were suc­cess­ful­ly priced with a coupon of 6.20 per cent, achiev­ing a neg­a­tive new-is­sue con­ces­sion, “an ex­cep­tion­al out­come that re­flects the strength of in­vestor de­mand and the mar­ket’s con­fi­dence in T&T’s sov­er­eign cred­it. A bond is­sue with no new-is­sue con­ces­sion means that in­vestors re­quired no ad­di­tion­al cost in­cen­tive or con­ces­sion to in­vest in the trans­ac­tion.”

The net pro­ceeds of the US$800 mil­lion bond will be used to re­pay the 4.50 per cent notes due in Au­gust, 2026 and for gen­er­al bud­getary pur­pos­es.

This bond has repriced Trinidad and To­ba­go’s yield curve and is a clear re­flec­tion of in­vestor con­fi­dence in the coun­try’s cred­it sto­ry which was pre­sent­ed by a gov­ern­ment team dur­ing a two (2) day road­show this week, the min­istry said, adding, the road­show was led by Min­is­ter of Fi­nance, Dav­en­dranath Tan­coo, Min­is­ter of En­er­gy, Dr Roodal Mooni­lal and the Gov­er­nor of the Cen­tral Bank, Lar­ry Howai.

It said the trans­ac­tion at­tract­ed high-qual­i­ty in­vestors from around the world, in­clud­ing the Unit­ed States, Unit­ed King­dom, Eu­rope and the Caribbean with strong par­tic­i­pa­tion from lo­cal in­sti­tu­tion­al in­vestors. Over 150 high-qual­i­ty in­vestors com­pet­ed for the op­por­tu­ni­ty to in­vest in the dond fur­ther strength­en­ing Trinidad and To­ba­go’s in­ter­na­tion­al in­vestor base as well as mar­ket liq­uid­i­ty and con­fi­dence.

“The suc­cess­ful ex­e­cu­tion of this of­fer­ing was al­so sup­port­ed by an ex­ten­sive in­vestor en­gage­ment pro­gramme un­der­tak­en by the Gov­ern­ment over the past year. In Jan­u­ary 2026, led an in­ter­na­tion­al in­vestor deal road­show in New York, where the Gov­ern­ment met with in­sti­tu­tion­al in­vestors to present T&T’s macro­eco­nom­ic out­look, fis­cal con­sol­i­da­tion strat­e­gy, debt man­age­ment frame­work and medi­um-term growth agen­da,” ac­cord­ing to the min­istry.

It said the trans­ac­tion is al­so the coun­try’s first in­ter­na­tion­al bond with a 12-year tenor, which is sig­nif­i­cant be­cause it is out­side of the tra­di­tion­al 10-year bond struc­ture where most sov­er­eigns is­sue. The min­istry not­ed thatthe longer tenor bond is bet­ter aligned to the coun­try’s debt ma­tu­ri­ty pro­file and was achieved with bet­ter pric­ing than gov­ern­ment bonds is­sued over the last decade.

“The 12-year tenor was a de­lib­er­ate pol­i­cy de­ci­sion as part of the Gov­ern­ment’s re­silient longterm fi­nanc­ing strat­e­gy and is a fur­ther tes­ta­ment to the strength of the coun­try’s cred­it and the in­ter­na­tion­al mar­ket’s con­fi­dence in the fu­ture prospects of T&T.

In the news re­lease, Tan­coo said this is a clear in­di­ca­tion of the in­ter­na­tion­al com­mu­ni­ty’s re­newed con­fi­dence in Trinidad and To­ba­go, which is a di­rect re­sult of this Gov­ern­ment’s pol­i­cy di­rec­tion.

“To put this in­to con­text, the last time the for­mer Min­is­ter of Fi­nance went to mar­ket for a sim­i­lar amount in 2024, the coun­try se­cured a coupon in­ter­est rate of ap­prox­i­mate­ly 6.40 per cent for a 10-year tenor. To­day, Trinidad and To­ba­go has at­tract­ed stronger in­vestor in­ter­est at a low­er coupon in­ter­est rate, on more favourable terms, for a longer pe­ri­od and in a more volatile eco­nom­ic and fi­nan­cial en­vi­ron­ment,” Tan­coo said.