Bahamas Storm Toll: $3.4 Billion Loss and Years of Rebuilding

• The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most destructive hurricane ever to hit the islands.
• The government will probably borrow about $500 million in coming months as it deals with the roughly $3.4 billion in losses and damages from Hurricane Dorian.
• The government is weighing options for how it will raise the debt, with some combination of an international bond sale and local borrowing likely

(Source: Bloomberg)