JMMB’s proposed US$250 million Caribbean would pool smaller projects for , with a planned for November.
A regional financing proposal
JMMB Securities is preparing to take a proposed US$250 million Caribbean to market, seeking institutional financing for projects that are difficult to fund individually at scale.
The Gleaner reports that Caribbean Sustainability Investments Limited would be the issuer, the CARICOM Development Fund would sponsor the initiative, and JMMB would serve as and broker. Those roles distinguish the organisation borrowing through the bond from the institutions developing and arranging the financing.
JMMB’s said individual Caribbean projects can be too small to attract institutional financing. Pooling them would create a larger investment opportunity.
What the money would finance
The intended uses span renewable energy, resilient infrastructure, water and wastewater, food security, resilient affordable housing, healthcare and climate adaptation.
Climate Bonds Initiative specialist described technical assistance with the resilience framework. Projects would need to address an actual climate hazard, avoid environmental harm and avoid —changes that leave a community or asset more vulnerable rather than less.
The resilience criteria guide project selection. Investors’ requirements and negotiations with the issuer will also shape the bond’s and borrowing cost.
The timetable and the open negotiations
The plan an investor at the end of November and aim to complete the proposed US$250 million raise in the first quarter of 2027.
Target investors include the Caribbean Development Bank, IFC and IDB, alongside other , and impact investors in Germany, Europe and the United Kingdom. Two had provided feedback, with firm commitments still to come.
The and remain unresolved. The sets the bond’s interest payments; the is the borrowing period. The are seeking relatively low-cost, long-term funding.
