WILLEMSTAD/PHILIPSBURG–The Central Bank of Curaçao and St. Maarten (CBCS) will issue a sinking bond of NAf. 26 million on behalf of the Government of St. Maarten on Wednesday, October 12.
The 0.60 per cent sinking bond will be issued with a duration of 25 years.
The semi-annual bond is geared to paying off an outstanding balance for projects pre-financed by Windward Roads Infrastructure and MNO Vervat. The projects include district beautification and infrastructure improvements.
The Dutch State Treasury Agency (DSTA) will be able to subscribe on Monday, October 3, and after that the public will be able to subscribe to this bond issue at all commercial banks in Curaçao and St. Maarten up to 10:00am Tuesday, October 4.
CBCS said subscription would take place according to the tender system in which parties indicate for what amount and price they wish to participate in the loan, thereby revealing their desired yield.
After the closing of the subscription, CBCS 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.
Subscription forms can be obtained free of charge at the commercial banks or downloaded from
http://www.centralbank.cw/prospectus-loanssintmaarten as of Thursday, September 22.