CBCS announces a change in the date for the new bond issue on behalf of the Government of the Country of Curaçao

WILLEMSTAD - The date of the planned bond issue on behalf of the country of Curacao on Friday, January 11, 2019, has changed on request by the Curacao government. The new date of the issuance is Wednesday, January 16, 2019. The bond will have a semi-annual coupon as follows:

·       NAf 69,100,000 bond with a duration of 30 years. Interest rate is based on the Dutch yield curve as of January 8, 2019.

On Tuesday, January 8, 2019, the Dutch State Treasury Agency (DSTA) will be able to subscribe, and after that up to Wednesday, January 9, 2019, 10:00A.M., the general public will be able to subscribe to this bond issue at all commercial banks on Curacao and Sint Maarten. 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 Central Bank of Curaçao and Sint Maarten (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.

 

The subscription forms can be obtained free of charge at the commercial banks and can be downloaded from our website: https://www.centralbank.cw/government-loans.




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