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DATE: 01 JULY 2010
INSCRIBED STOCK AUCTION- INVITATION TO BID
INSCRIBED STOCK AUCTION NUMBER: IS10/07/03-16
AMOUNT OFFERED ON AUCTION: K35.000 Million
| SERIES |
ISSUE DATE |
COUPON (%)
|
LAST COUPON DATE |
NEXT COUPON DATE |
MATURITY DATE |
AMMOUNT ON OFFER (MILLION)
|
PREVIOUS WIGHTED AVERAGE RATE (%)
|
| S15022013 |
15-FEB-2010 |
9.00 |
15-FEB- 2010 |
15-AUG-2010 |
15-FEB-2013 |
12.00 |
8.50 |
| S15082022 |
15-FEB-2010 |
12.00 |
15-FEB-2010 |
15-AUG-2010 |
15-AUG-2020 |
12.00 |
New |
| S15112027 |
15-NOV-2009 |
14.00 |
15-MAY-2010 |
15-NOV-2010 |
15-NOV-2027 |
11.00 |
13.80 |
Bidders must lodge bids in the prescribed form, put in sealed envelopes and deposited in the tender box located on the 2nd floor, Financial Markets Department counter, Bank of Papua New Guinea, Port Moresby.
The auction closes at 12:00 noon on Tuesday, 13th of July 2010.
Successful bids must be settled no later than 12:00 noon on Friday, 16th of July 2010.
Each bid for stock must be of a minimum of K100,000.00 and in multiples of K10,000.00(Principal) thereafter.
Each bid must state the yield sought by the bidder. the yield is expressed to the second decimal place(eg. 6.50%). decimal places beyond two will be disregarded.
The Bank of Papua New Guinea reserves the right to accept bids for the full amount of an invitation to Tender or any part thereof and to reject any bid or part thereof on any grounds whatsoever, notwithstanding the full amount of stocks in an invitation to Tender has not been taken up.
The Bank of Papua New Guinea also reserves the right to accept over subscription of up to 25 percent of the amount offered for the tender in any maturity.
Original bid forms must be delivered/posted to Registry Unit of Bank of Papua New Guinea.
Loi Bakani
Governor
Bank of Papua New Guinea
DOUGLAS STREET P.O. BOX 121 PORT MORESBY PAPUA NEW GUINEA TELEPHONE:3229200
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Financial Markets 
