Central Bank of Curaçao and Sint Maarten announces a new bond issue on behalf of the Government of Curaçao
WILLEMSTAD - On Monday, June 6, 2016, there will be a bond issue on behalf of the country of Curacao. The bond will have a semi-annual coupon as follows:
• 1.00% bond with a duration of 30 years.
On Friday, May 27, 2016, the Dutch State Treasury Agency (DSTA) will be able to subscribe and up to Monday, May 30, 2016, 10:00A.M., the general public will be able to subscribe to this bond issue at all commercial banks in Curaçao. 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 May 18, 2016, subscription forms can be obtained free of charge at the commercial banks and can be downloaded from our website www.centralbank.cw/prospectus-loans-curacao.