Download Report

Staatsolie bond 2015-2020
2015
2016
2017
2018
2019
2020
Currency US Dollar (USD)
Minimum face value USD 55,000,000 (fifty-five million US Dollars)
Denomination USD 100, USD 500, USD 1,000, USD 5,000, USD 10,000,
USD 50,000, USD 100,000
Subscription period March 30-April 14, 2015 for current bondholders.
Payment May 4-14, 2015
• DSB Aniversary Logo
- Gr eyscale
Underwriter:
• DSB Aniversary Logo
- Black/Whit e
Issue date May 14, 2015
Maturity date May 14, 2020
Interest 7.75%
Interest maturity date Annual on May 14 and November 14
Redemption yield 7.90% related to interim interest
Underwriter and administrator De Surinaamsche Bank N.V.
Date of issue resolution from the Staatsolie Board of Executive Directors
March 25, 2015
Method of allocation notification By letter from DSB
• DSB Aniversary Logo
- CMY K
INVEST IN GROWTH
Allocation date May 4, 2015
• DSB Aniversary Logo
- PM S
7.75% Fixed Interest Bond 2015-2020 | USD 55 Million
April 15-30, 2015 for other subscribers
PARAMARIBO, MARCH 2015
What is a bond?
Subscription period
A bond is a debt security, similar to an
Current bondholders may register from March 30 through April 14, 2015.
I.O.U. When you purchase a bond, you are
The registration period for other subscribers is from April 15 through April 30,
Staatsolie is issuing bonds again. The issue date of this second bond loan
lending money to a corporation or other
2015.
coincides with the maturity date of the 2010-2015 bond, namely May 14, 2015.
entity known as an issuer. In return for that
The first bond raised USD 55,1 million. This money was used to partly finance
money, the issuer provides you with a bond
Where can you register?
the investment program 2008-2012, which was implemented according to plan.
in which it promises to pay a specified rate
At DSB offices and all other local banks.
Practically all targets have been reached.
of interest during the life of the bond and
Further growth requires more investments for the period 2015-2020. For this
to repay the face value of the bond (the
What is your participation amount?
investment program, more than USD 1 billion is needed. The investment budget
principal) when it matures, or comes due.
You may participate starting from USD 100 or multiples of this amount. In
principle, there is no limit to the amount you wish to register for.
will be mainly financed from Staatsolie’s revenues, made up by an international
bank loan. Another part of at least USD 55 million, will be raised by Staatsolie
through a second bond issuance. You have the opportunity to make a solid
More information
investment for an attractive interest rate of 7.75% per year for a term of five years.
Should you have any further questions, please feel free to contact Staatsolie and/
Who can participate in the Staatsolie bond
loan?
or DSB.
Subscription is open to everyone,
DSB
De Surinaamsche Bank (DSB), Suriname’s largest financial institution, is the
regardless of domicile, who wishes to
Lloyd Fung A Loi
arranger of this bond loan. DSB is also the administrator of the 2010-2015 bond
participate in this bond issuance in
Retail Banking Department, Securities Section
loan, which was intended to raise at least USD 15 million for Staatsolie. In the
Suriname.
Telephone: 471100 toestel 1265
Fax: 474835
E-mail: [email protected]
Subscription starts March 30, 2015. Current bondholders have a trade-in option,
meaning that they can convert their bonds into new ones.
end, 2,197 investors, including local entrepreneurs, foundations, pension funds
and citizens registered for USD 55.1 million.
Cc: [email protected]
Term and interest
The term of the bond loan is five years, at a
Information is also available at all DSB offices or visit our website
annual interest rate of 7.75%. The interest
www.obligatielening.staatsolie.com
is paid semi-annually entirely in US Dollars.
The bonds are registered and transferable.