Willemstad – On Wednesday, October 12, 2016, there will be a sinking bond issue on behalf of the country of Sint Maarten. The bond will have a semi-annual coupon as follows:
• Naf 26,000,000 0.60% sinking bond with duration of 25 years.
On Monday, October 3, 2016, the Dutch State Treasury Agency (DSTA) will be able to subscribe, and after that up to Tuesday, October 4, 2016, 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 September 22, 2016, subscription forms can be obtained free of charge at the commercial banks and can be downloaded from our website http://www.centralbank.cw/prospectus-loans- sintmaarten.
Willemstad, September 19, 2016.
CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN
Source: St. Martin News Network
Centrale Bank Van Curaçao en Sint Maarten Announces A New Bond Issue on Behalf of The Government of The Country of Sint Maarten.