Central Bank issues bond for St. MaartenPOSTED: 09/26/11 7:16 PM
GREAT BAY/WILLEMSTAD – The Central Bank of Curacao and St. Maarten has issued a 26 million guilder bond on behalf of St. Maarten. The bond is for five years with an interest rate of 1.5 percent.
The interest is based on what the Netherlands commits itself to because the Dutch government has automatic buy in to every bond and interest in the European part of the Kingdom is historically low.
Local investors may begin buying into the bond at 10:00 a.m. on October 5 for a minimum of 1, 000 guilders. Bids higher than the issue price will be allocated in full.