PNG government secures US$500 million sovereign bond

Picture: LOOP PNG

PORT MORESBY, 01 OCTOBER 2018 (POST COURIER) – Papua New Guinea has raised US$500 million in a 10-year inaugural sovereign bond issuance which concluded last Friday. Treasurer Charles Abel welcomed the successful outcome of the bond issue that would be used to retire high cost short-term domestic debt, convert short-term debt to longer-term, bring in […]

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