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Central Bank of Seychelles to administer the issue of a Government of Seychelles Treasury Bond
A Treasury Bond is an instrument used by the Government to borrow money. In Seychelles, Treasury Bonds are issued with a term of more than one (1) year and sold at face value.
Treasury Bonds may be sold by tender or on tap as determined by the Government. In the case of sales by tender, the rate is determined by the market, and in the case of tap sales, the rate is fixed by the Government, taking into account the prevailing rates in the domestic money market.
The interest rate on the bond shall be stated on the prospectus and the interest payments shall be made periodically (e.g. quarterly or semi-annually 1 ), as predetermined until maturity. The principal amount borrowed and the interest accrued is made payable upon maturity of the bond.
Full Subscription of the Treasury Bonds
The Central Bank of Seychelles (CBS) would like to inform that the three Treasury Bonds, namely the 6.5% Five Year, the 7.0% 7 Year and the Aldabra Three Year 6.0% which were issued on August 07, 2017, have all been fully subscribed.
CBS would like to thank the general public for their participation in the bond issue.
1 The period is not based on the calendar year