by Juan Pedro Schmid It was a long time in the making (and keeping the rumor mills spinning) but today Jamaica finally issued the long awaited bond to finance a Petrocaribe buyback. They issued two bonds, US$1.35 with a rate of 6.75% maturing in 2028 and US$650 million at 7.875% maturing in 2045. As such, this issuance will provide funds to finance the Petrocaribe debt buyback … [Read more...] about Jamaica Issues US$2 billion in Global Bonds
Petrocaribe
Caribbean Economic Outlook 2015: Seeing Stars
Photo courtesy of Wikimedia Commons, Egres73 What will 2015 bring to the Caribbean? A famous economist once said that ‘the only function of economic forecasting is to make astrology look respectable’. While I tend to agree that my discipline does not have too much luck lately with forecasting (the recent world economic recession is a good example of a crisis that was … [Read more...] about Caribbean Economic Outlook 2015: Seeing Stars