Solomon Islands Government
Ministry of Finance & Treasury
Debt Management Unit
TENDER NOTICE
SIG DOMESTIC DEVELOPMENT BOND OFFERING ANNOUNCEMENT
Invitation to Tender for the SIG Domestic Development Bond Series 06/2023 (SIG DDB Series 06/2023).
The Solomon Islands Government (SIG) invites tenders for the SIG-backed Domestic Development Bonds for the following terms:
|
TYPE |
TERM (YEARS) |
COUPON RATE |
MATURITY |
FLOAT VOLUME (SBD) |
| A | 15 | 7.0% | 12-Oct-38 | 15,000,000 |
| B | 10 | 6.5% | 12-Oct-33 | 10,000,000 |
| C | 7 | 5.0% | 12-Oct-30 | 10,000,000 |
| D | 5 | 4.0% | 12-Oct-28 | 8,000,000 |
| E | 3 | 2.5% | 12-Oct-26 | 5,000,000 |
| F | 2 | 2.0% | 12-Oct-25 | 2,000,000 |
| BIDDING OPENS: BIDDING CLOSES | Following the posting of this offering announcement. 12:00 pm, Wednesday, 11th October 2023. |
| SETTLEMENTS DEADLINE: | 12:00 pm, Thursday 12th October 2023. |
Tender must be submitted via email or by hand to:
- CBSI, Debt Unit, debtunit@cbsi.com.sb or
- Senior Analyst: Doreen Monogari (dmonogari@cbsi.com.sb).
- Domestic Debt Officer: Catherine Viqa (cviqa@cbsi.com.sb).
- Debt Officer: Donald Mamura (dmamura@cbsi.com.sb).
| Market Information The Solomon Islands Government will not impose a ca market information below to act as a guide to current |
p on rates but provides average market rates. Yield (%) |
| Average Commercial Bank Deposits | 0.47 |
| 28 Days Bokolo Bill | 0.24 |
| 91 Days Treasury Bill | 0.50 |
| 182 Days Treasury Bill | 1.80 |
| 365 Days Treasury Bill
15 Years DD Bond 10 Years DD Bond 7 Years DD Bond 5 Years DD Bond 3 Years DD Bond 2 Years DD Bond |
2.09
7.28 6.00 5.43 4.00 3.37 3.28 |
For further information regarding SIG DD Bonds and the auction process, please refer to the SIG Bond Prospectus and Operational Guidelines on the CBSI website or SIG/MOFT website.
SIG Bond Brochure.pdf
SIG Bond Prospectus _ 2023 EXECUTION VERSION – Final.pdf
TENDER Form for SIG REGISTERED BOND.pdf
SIG DD Bonds Announcement – Series 06.2023.pdf