CBCS announces new bond issue on the behalf of the Government of Curacao.

WILLEMSTAD, Curacao:— On Thursday, November 30, 2017, there will be a bond issue on behalf of the country of Curacao. The bond will have a semi-annual coupon as follows:

  • NAf 60,000,000 bond with duration of 30 years. Interest rate is based on the Dutch yield curve as of November 22, 2017.

On Wednesday, November 22, 2017, the Dutch State Treasury Agency (DSTA) will be able to subscribe, and after that up to Thursday, November 23, 2017, 10:00A.M., the general public will be able to subscribe to this bond issue at all commercial banks on Curacao and Sint Maarten. Subscription will take place according to the tender system in which parties indicate for which amount and price they wish to participate in the loan, thereby revealing their desired yield.
After the closing of the subscription, the Centrale Bank van Curaçao en Sint Maarten will publish the price of issue. Parties that have subscribed for a higher price than the price of issue will receive full allocation. Parties that have subscribed at a price equal to the price of issue will receive the remaining amount of the issue.
As of November 10, 2017, subscription forms can be obtained free of charge at the commercial banks and can be downloaded from our website www.centralbank.cw/government-loans.

Press Release from the Central Bank of Curacao and St. Maarten

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Source: St. Martin News Network http://www.smn-news.com/st-maarten-st-martin-news/27610-cbcs-announces-new-bond-issue-on-the-behalf-of-the-government-of-curacao.html

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