The Trinidad and Tobago Government has announced plans to raise up to US$1 billion on the international financial market, appointing JP Morgan Securities LLC and Bank of America Securities Inc. as joint lead managers and arrangers for the issuance.
The Kamla Persad-Bissessar administration said the funds will be used to finance national development projects and to refinance existing debt obligations. The borrowing will be conducted through the international capital market, where governments typically issue bonds or notes to institutional investors.
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Under the External Loans (Tax and Exchange Control Exemption) Order, 2026, signed on Monday by Finance Minister Davendranath Tancoo, all payments associated with the debt instruments, including principal, interest, and related charges, will be exempt from taxation and exchange control regulations.
The notes will be marketed to qualified institutional buyers in the United States in accordance with Rule 144A of the US Securities Act. They will also be made available to investors outside the US under Regulation S, broadening the pool of potential international investors.
Government officials say the move forms part of a broader fiscal strategy aimed at strengthening public finances while maintaining access to global capital markets.
