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Telecommunications Services of Trinidad and Tobago (TSTT) has raised US$481 million through a dual-currency bond offering, replacing debt due in 2029 with new long-term financing that matures in 2036.
The transaction comprised US$305 million in US dollar-denominated senior secured notes carrying an interest rate of 9.75% and $1.192 billion (approximately US$176 million) in Trinidad and Tobago dollar-denominated senior secured notes carrying an interest rate of 8.68%.
Both tranches mature in 2036 and are listed on the Luxembourg Stock Exchange.
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