The Fijian Government has managed to raise 250 million US dollars through a 5 year global bond transaction via sole lead Manager, ANZ.
This is the second bond issued by the government.
The first international bond issued was in September 2006 amounting to 150 million US dollars which matures in September this year, and will be fully settled by the government.
Attorney General, Aiyaz Sayed-Khaiyum revealed in a press conference this afternoon that a lot of interest was generated when Fiji's international bond transaction was launched in Asia yesterday.
He said this is a good indication on investor confidence in Fiji.
The Attorney General also gave credit to the Fiji contingent that went to Hong Kong, Singapore and London to increase investor confidence in Fiji.
Sayed-Khaiyum said the Government will now use 150 million US dollars to settle the first bond that is due in October.
The remaining 100 million US dollars will be used in various capital projects by the Government.
Meanwhile, Sayed-Khaiyum also highlighted that Government already has a sinking fund worth $45 million to pay the bond.
This fund will remain and will be utilised later when the Government needs to pay off bonds.
Story by: Dhanjay Deo and Vijay Narayan
