PUBLIC NOTICE
The Bank of Papua New Guinea (BPNG) is announcing an open invitation to market participants on the sale of the following government securities through the secondary market. The purpose of the sale is to support the Bank’s monetary policy open market operations and to foster the development and expansion of the secondary market in Papua New Guinea.
- Securities on Offer
| Issuer | Security type | Maturity | Remaining Term to maturity | Amount on Offer | Coupon Rate |
| Department of Treasury | Government Bond | 15/11/2026 | 2 YEARS | K15 million | 4.30 |
| Department of Treasury | Government Bond | 15/05/2029 | 5 YEARS | K15 million | 4.70 |
| Department of Treasury | Government Bond | 15/08/2034 | 10 YEARS | K70 million | 5.80 |
- Business Trading Times
Market participants can initiate transactions via email and telephone during business hours, from Monday to Friday, 9:00 AM to 2:00 PM (excluding gazetted Public Holidays).
- Payment Mode and Settlement Details
All payments must be made electronically through Kina Automated Transfer System (KATS) platform. The account details will be disclosed once payment arrangements are confirmed.
- Eligibility & Minimum amount to invest
This secondary market sale offer is open to the individuals and businesses only. The minimum investment amount is K10,000 and in lots of K1,000 thereafter.
- Contact Details
For further information, please contact the Domestic Markets Department on telephone 322 7202/7206/7211, email: [email protected], or visit Level 2, Bank of Papua New Guinea, ToRobert Haus, Port Moresby