The Solomon Islands Government has issued the first covid-19 domestic development bond of
SB$120 million to interested buyers.
Prime Minister Manasseh Sogavare announced this in his weekly nation-wide covid-19 address
on Friday as one of the measures factored in the government’s stimulus package.
There are up to 5 domestic interested buyers of the COVID-19 Development Bonds, but the
Government is considering negotiating with 3 prospective buyers.
The COVID-19 Domestic Development Bond will be negotiated according to the Government’s
borrowing guidelines and processes to be scheduled under the 2020 Annual Borrowing
“The COVID-19 Development Bonds are issued as part of the strategy to mobilize resources to
fund the Government’s COVID-19 Economic Stimulus Package,” Sogavare said.