Published On: Mon, Jun 6th, 2016

Bonds purchased by the Netherlands

Central BankWILLEMSTAD - The bond, which was issued by the Central Bank of Curaçao and Sint Maarten (CBCS) on behalf of the country Curaçao was fully purchased by the Netherlands.

According to a press release from the CBCS, the Netherlands has signed for more than 59 million guilders at a maximum price of 101.61 percent.

The effective yield on the bonds is 0.94 percent with a maturity of thirty years. The coupons will expire every six months. With the bond the government wants to renovate school buildings among others.

It was expected that that the Netherlands would buy the full bond. Since the debt relieve, the Netherlands has been obligated to subscribe for loans to Curaçao and St. Maarten, according to the Kingdom Financial Supervision Act.

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