Cayman Islands says it will meet bond payment of US$312 million

The Cayman Islands Government has confirmed that it will meet the bond payment of US$312 million that is due to be repaid on November 24 this year.
The Cayman government says it may not need to borrow as much as previously anticipated to pay off that bond and still maintain its cash flow obligations. 
With its finances looking robust, the government has been cutting debt and is now looking at cutting the new loan it expected to take out to repay the bond.

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