Fiji Time: 7:23 PM on Sunday 29 March

Fiji Times Logo

/ Front page / Business

$10m bonds to develop local security market

Geraldine Panapasa
Saturday, January 05, 2013

GOVERNMENT has issued $10million in Fijian Government Viti Bonds to develop the domestic security market, increase investment options available locally and encourage retail investor participation.

In a statement, the Reserve Bank of Fiji said government issued a total of $3m in Viti Bonds to 55 separate retail investors last year.

"An important change being introduced that is expected to improve retail investor participation is the increase in individual investor limits to $200,000 from $100,000 previously," the central bank said.

"Viti Bonds are available for five, seven and 10-year terms with competitive fixed interest rates of 4 per cent, 4.5 per cent and 5 per cent respectively.

"Benefits of investing in Viti Bonds include tax-free interest income and quarterly interest payments."

RBF said the Viti Bonds were available for a minimum investment of $1000 and could be purchased directly from the central bank on any working day before November 29 this year.

The Viti Bonds were first introduced in April last year and served as long-term securities that were available to the general public as an alternative option to other investments such as term deposits, shares or units in a trust fund.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. 'Ruthless'
  2. Memorable moments
  3. Register early, NZ Immigration urges
  4. Shape up or ship out
  5. PM walks 10km
  6. Plan to ban taxi parking in towns
  7. Fiji defeats England in HK 7s quarter-final
  8. One dead, four in hospital
  9. Celebrating Lord Rama's birth
  10. Lights go out for an hour

Top Stories this Week

  1. Rape on duty Wednesday (25 Mar)
  2. INQUIRY: Baby given wrong injection Friday (27 Mar)
  3. All hope gone Monday (23 Mar)
  4. 'No' to adopted child Monday (23 Mar)
  5. The man who was the champ Monday (23 Mar)
  6. HK 7s risk Thursday (26 Mar)
  7. Kepa clarifies position Tuesday (24 Mar)
  8. Fiji 7s inspires college in win Wednesday (25 Mar)
  9. Strong start Friday (27 Mar)
  10. Key to new home Thursday (26 Mar)