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Bahamas launched a tender offer to purchase six of its outstanding dollar bonds for cash. The tender offer is not conditional upon any minimum participation of any series of the notes. The offer is conditional upon a concurrent dollar bond issuance for which Bahamas has hired bankers. The maximum amount to be paid on the outstanding notes will be determined by the government, wherein, it can accept all or a portion of the notes. Holders whose notes are accepted for purchase in the offer will also receive any accrued and unpaid interest. Details of the respective notes under the tender offer are given in the table.
The buyback offer comes at a premium to its outstanding bonds’ current market price as seen in the table. The offer expires on 16 June 2025 and details will be announced a day later.
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