EXCLUSIVE: Government wants PJIAE to reject Piper Jaffrey loan as the Dutch Government tries to cut deal with Bondholders. | SMN News

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PHILIPSBURG: — The Government of St. Maarten namely the Council of Ministers is hell-bent on making money from the Princess Juliana International Airport (PJIAE) through the World Bank loan they intend to lend PJIAE on an interest rate of 4.45%.
SMN News has been reliably informed that PJIAE managed to secure USD 100M loan from Piper Jaffrey to buy out the consortium of bondholders so the bondholders could then release the USD54M they already received from the insurance company since the passage of hurricane IRMA on September 6th, 2017. However, it is understood that the Prime Minister of

To read more: http://www.smn-news.com/st-maarten-st-martin-news/31437-exclusive-government-wants-pjiae-to-reject-piper-jaffrey-loan-as-the-dutch-government-tries-to-cut-deal-with-bondholders.html

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