SINPF Board purchase a new 10-year $120 million bond

The SINPF Board is pleased to purchase a new 10-year $120 million bond from the Solomon Islands Government (SIG) current $300 million bond issue.
This is a new investment that will bring additional income of $6 million per annum on our members fund from the new bond coupon rate of 5% pa.
The financing of the new $120 million is supported by the sale of our recent $60 million SIG long term development bond to the Central Bank of Solomon Islands (CBSI). The sale was made possible in a secondary market established by the CBSI for long term government bonds.