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Bahamas launches $300 million 10-year notes at 5¾% yield
By Christine Van Dusen
Atlanta, Jan. 13 - The Commonwealth of the Bahamas has launched a $300 million offering of 10-year notes (expected ratings: Baa1/BBB/) at a yield of 5¾%, a market source said.
JPMorgan and RBC Capital Markets are the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to finance general development in the Bahamas.
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