Barbados to reopen 2035 bonds to add $65 million

By Reshmi Basu

New York, Nov. 22 - The government of Barbados set price guidance for a retap of its 6 5/8% bonds (Baa2/BB+) due 2035 at Treasuries plus 185 to 195 basis points, according to a market source.

The country plans to issue $65 million of the new bonds, which would bring the total size of the deal to $190 million.

Deutsche Bank is the lead manager for the Rule 144A and Regulation S deal.

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