Bermuda government marketing $200 million private placement of notes

By Paul A. Harris

St. Louis, April 17 - The government of Bermuda is marketing $200 million of notes as a private placement, according to a market source.

The deal is expected to be comprised of three tranches, with five-year, seven-year and 10-year maturities.

J.P. Morgan Securities Inc. is the placement agent.

Bermuda is viewed as an NAIC-1 issuer by the National Association of Insurance Commissioners.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.