Bahamas readies Caribbean's next 'debt-for-nature' swap

Jun 28, 2024 · The first debt-for-nature swap was struck in 1987 and more than 100 deals have since followed, although using them to reduce international bond market debt has only taken …

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Bahamas Debt Swap Unlocks $124 Million For Ocean Protection

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1 day ago · The Bahamas has unlocked more than $120 million to fund the conservation and management of its oceans and mangroves with a debt swap financed by Standard Chartered …

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StanChart Seals Deal For $300 Million Debt Swap For Bahamas

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1 day ago · The Bahamas National Trust, a local nonprofit, will work with the government to run the ocean activities. Rothschild & Co. advised the Bahamas on the deal. Until last month, …

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The Bahamas Will Refinance Part Of Its Debt To Protect Its Famous ...

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1 day ago · SAN JUAN, Puerto Rico (AP) — The Bahamas announced Friday that it will refinance $300 million of its external debt to free up more than $120 million for marine conservation …

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The Bahamas Will Refinance Part Of Its Debt To Protect Its Famous ...

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1 day ago · SAN JUAN, Puerto Rico -- The Bahamas announced Friday that it will refinance $300 million of its external debt to free up more than $120 million for marine conservation projects …

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The Bahamas To Refinance Debt To Protect Its Waters

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11 hours ago · The Bahamas announced Friday that it will refinance $300 million of its external debt to free up more than $120 million for marine conservation projects and climate change …

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Bahamas Debt Swap Unlocks $124 Million For Ocean Protection

6 days from now

LONDON (Reuters) - The Bahamas has unlocked more than $120 million to fund the conservation and management of its oceans and mangroves with a debt swap financed by Standard …

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Bahamas Frees Up Over $120M To Combat Climate Change In …

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1 day ago · The “nature-for-debt” swap involves buying back existing debt through a new loan with reduced interest rates. ... The Caribbean nation has a strong history of protecting natural …

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FAQs about Bahamas readies Caribbean's next 'debt-for-nature' swap Coupon?

Does the Bahamas have a debt-for-Nature Swap?

The Bahamas joins a select group of nations—the Seychelles, Belize, Gabon, and Barbados—that have embraced debt-for-nature swaps as a means of financing conservation efforts. ...

Will the Bahamas refinance its external debt?

The Bahamas says it will refinance $300 million of its external debt to free up more than $120 million for marine conservation projects and climate change mitigation Catch up on the developing stories making headlines. ...

Why did the Bahamas announce a $300 million debt refinancing deal?

In a groundbreaking move, the Bahamas announced a $300 million debt refinancing deal that will unlock over $120 million for marine conservation and climate change mitigation. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. ...

What's going on with the Bahamas swap?

Funding from the Bahamas swap will go towards restoring mangroves damaged by the hurricane, managing the archipelago's 6.8 million hectares of marine protected areas and supporting the build out of a new project to protect the entire Bahamian ocean area. The Reuters Daily Briefing newsletter provides all the news you need to start your day. ...

How is the Bahamas financed?

That was financed using a new $300 million, 15-year loan from StanChart at an interest rate of 4.7%. The Bahamas has taken “very expensive short-term debt and replaced it with very cheap, long-term debt,” Dennis Eisele, StanChart’s head of global credit market financing for Latin America, said in an interview. ...

How much debt does the Bahamas have?

Overall, the Bahamas holds some $5.7 billion in external debt. The Seychelles, Belize, Gabon and Barbados previously signed similar deals, said Melissa Garvey, global director for The Nature Conservancy’s bond program. Together, the deals protect conservation areas larger than the Gulf of Mexico, she said. ...