The government bond market in Trinidad and Tobago was somewhat subdued in 2015, with no public auctions of TT$-denominated debt taking place. However, as the government embarks on what should be an aggressive domestic borrowing programme in 2016 and the interest rate environment changes, activity could be set to increase markedly.
The fiscal year 2015/16 may be remembered as a period offering both risk and opportunity to investors in the Trinidad and Tobago stock market. While the effects of lower energy prices on an oil and natural gas driven economy cannot be ignored, it remains to be seen how capital markets in T&T will react.
As a result of falling hydrocarbons prices in 2014-16, and the consequential drop in export revenue, the Trinidad and Tobago dollar has come under increasing pressure and has been slowly depreciating. During the same period there was both a change in government – in September 2015 – and a change in the top leadership of the Central Bank of T...
Trinidad and Tobago’s mid-year budget review announced new initiatives by the government to boost revenues, cut expenditures and raise financing to correct the fiscal imbalances brought about by changes in the energy market. Inevitably, many of these initiatives will have consequences for both T&T’s equity and debt capital markets.
Many brokers argue that a steady stream of initial public offerings (IPOs) and new listings will be the key to triggering renewed interest in the Trinidad and Tobago Stock Exchange (TTSE) as a source of capital and investment opportunities. Nancy Chen, an investment analyst at West Indies Stock Brokers (WISE), told OBG, “If we were to have...
With government facing a revenue shortage, how can banks help fund infrastructure and housing?
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