WILLEMSTAD - Utility company Aqualectra has successfully raised the full amount of NAf. 75 million through the issuance of so-called Aqua-bonds, the company announced this week. The subscription period closed on October 31 and attracted strong investor interest.

The bonds required a minimum investment of NAf. 50,000 and offer maturities of 5.5 and 7 years, with yields ranging between 5 and 5.2 percent. The Aqua-bonds are listed and traded on the Dutch Caribbean Securities Exchange (DCSX).

According to Aqualectra’s management, the bond issue serves multiple purposes, including the refinancing of existing debt to create a stronger capital structure and greater financial flexibility.

In addition, proceeds will be used to finance new infrastructure projects, particularly those supporting the generation of renewable energy on the island.

“We are very pleased with the outcome,” said Aqualectra Director Neysa Isenia. “This successful issuance demonstrates investor confidence in our strategy and strengthens our ability to invest in sustainable energy solutions for Curaçao.”

The company’s growing focus on renewable energy aligns with Curaçao’s long-term goal of increasing sustainability and reducing dependency on imported fossil fuels. The Aqua-bond program marks one of the largest local bond offerings by a state-owned enterprise in recent years.