WILLEMSTAD / PHILIPSBURG – On Thursday, December 4, 2025, there will be a bond issue by the Centrale Bank van Curaçao en Sint Maarten (CBCS) on behalf of the country of Sint Maarten. This bond issue has the following specifications:
XCG 30.300.000,– bond with duration of 30 years. The interest rate is based on the Dutch yield curve as of December 2, 2025. The yield as of October 6 for a 30-year loan was 3.441%. The bond will have annual annuity redemption starting on December 4, 2026.
On Tuesday, December 2, 2025, the Dutch State Treasury Agency (DSTA) will be allowed to subscribe, and after that up to Wednesday, December 3, 2025, 12:00 P.M., the general public will be able to subscribe to this bond issue at all commercial banks on Curaçao and Sint Maarten. Subscription will take place according to the tender system in which parties indicate for which amount and price they wish to participate in the loan, thereby revealing their desired yield.
After the closing of the subscription, the CBCS will publish the price of issue. Parties that have subscribed for a higher price than the price of issue will receive full allocation. Parties that have subscribed at a price equal to the price of issue will receive the remaining amount of the issue.
The subscription forms can be downloaded from our website:
https://www.centralbank.cw/functions/market-operations-payments/government-loans-sint maarten.
