Cayman Islands Government Announces Pricing of Notes Offering

George Town, Cayman Islands, November 20 (ots/PRNewswire) - The
Cayman Islands Government announced today that it has priced US$312
million principal amount of 5.95% Notes due 2019 (the "Notes") in an
international offering.

The offering was launched on 18 November 2009 and priced on 19
November 2009. The Notes have a maturity of 10 years (2019) and a
coupon of 5.95% per year. The net proceeds from the offering will be
used to repay outstanding bridge financing facilities and to fund
capital expenditures.

The Notes have not been registered under the U.S. Securities Act,
as amended, (the "U.S. Securities Act") and unless so registered, may
not be offered or sold in the United States absent registration or an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and other
applicable securities laws.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any
sale of the Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.

About the Cayman Islands

The Cayman Islands is an Overseas Territory of the United Kingdom
located in the western Caribbean Sea. The Cayman Islands consists of
three islands, Grand Cayman, Cayman Brac, and Little Cayman. With a
population of approximately 57,000, the economy of the Cayman Islands
is primarily driven by the financial services and tourism industries.
More information about the Cayman Islands can be found on
http://www.caymanfinance.gov.ky.

Forward-Looking Statements

This news release includes forward-looking statements that
reflect the Government's current views with respect to future events.
The words "expects," "intends," "anticipates," "believes,"
"projects," "estimates" and similar expressions identify
forward-looking statements. These forward-looking statements are
based upon estimates and assumptions made by the Government or its
officials that, although believed to be reasonable, are subject to
certain known and unknown risks and uncertainties.

These risks and uncertainties include, among others, the
political, economic and other conditions in the Cayman Islands and
globally; the actual rates of change, if any, of gross domestic
product and other economic indicators of the Cayman Islands in any
year or other period; the Government's financial condition and
budgeted revenues and expenditures, including, for example, the
Government's ability to increase revenues and reduce expenditures;
legislative, regulatory or administrative initiatives affecting
businesses, financial institutions and foreign investment in the
Cayman Islands; changes in tax and other laws in the United States,
United Kingdom or Cayman Islands and other major financial centers
that may affect the attractiveness of financial services in the
Cayman Islands; economic conditions in the United States and other
major financial centers that may result in lower demand for financial
services or tourism in the Cayman Islands; prevailing conditions in
domestic, international and multilateral lending markets and domestic
and international capital markets that may affect our ability to
finance budgetary requirements and to refinance outstanding debt and
other obligations; weather, climatic or geological occurrences,
particularly hurricanes, earthquakes and tropical storms; declines in
demand for financial services or tourism in the Cayman Islands, due
to competition from other countries or otherwise; terrorism,
particularly acts of terrorism outside of the Cayman Islands that
affect tourism or financial markets within the Cayman Islands;
changes in interest rates or exchange rates; a reduction in our
foreign currency reserves; the financial condition and liquidity of
banks and other financial institutions in the Cayman Islands;
availability and terms of financing for new projects; the performance
of non-core entities owned or controlled by the Government; trade and
tariff policies of the Cayman Islands' trading partners; declines in
tax revenues; and revisions to economic, financial and statistical
information, particularly as a result of pending Government audits.

http://www.caymanfinance.gov.ky

ots Originaltext: Ministry of Finance- Cayman Islands Government
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For more information :Ted Bravakis, Director, Public Relations Unit,
Ministry of Finance, P +1(345)244-2266, M +1(345)925-7109, E
ted.bravakis@gov.ky