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Bermuda seeks benchmark to fund buyback

A2/A+ rated Bermuda has been meeting investors with Citi and HSBC and will issue at least $500m of new bonds, GlobalCapital understands.

Proceeds will be used to finance a tender offer for any and all of the British Overseas Territory’s 5.603% 2020s, which had $500m outstanding, and ...

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https://www.globalcapital.com/article/b1bsjlwt69d4k7/bermuda-seeks-benchmark-to-fund-buyback

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