Budget 2016

Sovereign bond roadshow yet to be done

The Department of Treasury says it is waiting for BPNG to confirm dates and could not comment any further.

The Government is seeking a sovereign bond in foreign capital markets in the order of $US1 billion.

The State will use its shares in the resource projects and some percentage of its share in the LNG venture to secure bonds.  

In a recent interview with LOOP News, Secretary of Treasury Dairi Vele said the Government will need to secure funds to execute the 2016 Budget allocations.