PNG Treasury

Treasury chief: Optimistic of getting K1b sovereign bond

He says the government is seeking a sovereign bond in foreign capital markets in the order of $US1 billion.

Vele says the budget made for next year is only on paper and that the government will need to secure funds to execute the allocations.

He says foreign capital markets was an area the government had not used for a while but now they were  confident PNG could succeed in getting a sovereign bond.