2030 International Bond Holders
Investor Meeting
Grenada is inviting all investors in its 2030 Bonds to a virtual meeting via Zoom on
Friday at 10am, September 6 2024, (Grenada time) to discuss the impact of Hurricane Beryl on Grenada, the activation of the Hurricane Clause, and the general outlook for the economy.
All interested investors are kindly asked to register via the link below:
no later than on Wednesday, September 4 2024.
Friday at 10am, September 6 2024, (Grenada time) to discuss the impact of Hurricane Beryl on Grenada, the activation of the Hurricane Clause, and the general outlook for the economy.
All interested investors are kindly asked to register via the link below:
no later than on Wednesday, September 4 2024.
Please fill out Registration Form below
Grenada’s 7.0% Bonds due 2030 (ISIN: USP48863AE77)
Notice to Bondholders – Deferral Claim following Hurricane Beryl
We refer to the U.S Dollar 7.0% Bonds due 2030 (the “Bonds”) issued by the Government of Grenada (“Grenada”) pursuant to an indenture (the “Indenture”) dated as of November 12, 2015, between Grenada and The Bank of New York Mellon, as trustee (the “Trustee”), as amended from time to time. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Indenture or the terms and conditions of the Bonds (the “Conditions”) as the case may be.
Pursuant to paragraph 18 of the Conditions, Grenada may elect to defer payment of the Deferred Payment Amount on a Deferral Date following the occurrence of a Caribbean Tropical Cyclone Event in respect of which a Policy Payment has been made to Grenada. On July 1, 2024, Hurricane Beryl, a Category 4 storm, made landfall and caused catastrophic damage to Grenada (the “Event”). The damage and casualties from the hurricane were widely reported in the news. On July 16, 2024, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has made a US$44 million policy payment to Grenada as a result of the damage following Hurricane Beryl.
Pursuant to paragraph 18 of the Conditions, Grenada may elect to defer payment of the Deferred Payment Amount on a Deferral Date following the occurrence of a Caribbean Tropical Cyclone Event in respect of which a Policy Payment has been made to Grenada. On July 1, 2024, Hurricane Beryl, a Category 4 storm, made landfall and caused catastrophic damage to Grenada (the “Event”). The damage and casualties from the hurricane were widely reported in the news. On July 16, 2024, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has made a US$44 million policy payment to Grenada as a result of the damage following Hurricane Beryl.
