Fernando Jorge, Unsplash
Bahamas debt swap unlocks $124 million for ocean protection
Virginia Furness, Reuters
By spending $215.7 million to buy back Eurobonds and repurchasing an $81 million commercial bank loan using a lower-cost $300 million loan from Standard Chartered (STAN.L), opens new tab, the Bahamas is able to redeploy the interest and principle payment savings to fund wide-reaching ocean conversation projects.
Read the full article here.
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