Speech by Mr. David Toua, OBE, Chairman of the Board, Bank of Papua New Guinea, at the 2024 Business Advantage Papua New Guinea Investment Conference and Expo | Governor Genia's speech to the Lae Business Community | Speech on the Opening of the National Stakeholder Consultation on Expanding Superannuation and Insurance Coverage to MSMEs and Self-employed Workers in PNG| More choice in banking as BPNG grants two new Banking Licenses | March 2024 Monetary Policy Statement issued by the Board of Bank of Papua New Guinea |Press Release on Alternatives to Private Sector Cheques Given Thumbs Up |Media Release: Response to Letter circulating in Social Media referring alleged AML Offences |Joint Press Communiqué 59th SEACEN Governors’ Conference and the 43rd Meeting of the SEACEN Board of Governors|Monetary Policy Statement September 2023 Issued by the Board of the Bank of Papua New Guinea and delivered to the Minister for Treasury by the Acting Governor, Ms Elizabeth Genia|Public Notice - Customer Complaints Help Desk Core Banking System |Private Sector Cheques to be Discontinued by 31st December 2023|Acting Governor, Ms Elizabeth Genia, AAICD, releases the March 2023 Monetary Policy Statement.|Ms Elizabeth Genia, Acting Governor of the Bank of Papua New Guinea (Bank of PNG or the Bank), today released the June 2022 Quarterly Economic Bulletin (QEB). |Opening and Operating Foreign Currency Accounts outside of PNG without prior approval of the Bank of Papua New Guinea | List of reporting entities (REs) registered with Financial Analysis and Supervision Unit (FASU) 

Inscribed Stock Invitations

Bid Invitation – Auction Number: 2024/3287

Auction Date and Time: 13-08-2024 09:00 AM-12:00 PM
Security Type : Government Bond
Security Number: 3141
Term : 5 Years
Maturity Date : 15-11-2029
Coupon: 5.70%
Amount On Offer:  K50,000,000.00
Settlement Date: 16-08-2024 15:00 PM
Previous Weighted Average Rate: 5.70%

Total maturity for this week is K0.00 of which K0 is Tap maturity.  

Bid Invitation – Auction Number: 2024/3288

Auction Date and Time : 13-08-2024 09:00 AM-12:00 PM
Security Type : Government Bond
Security Number: 3142
Term : 6 Years
Maturity Date : 15-08-2030
Coupon: 6.10%
Amount On Offer: K50,000,000.00
Settlement Date: 16-08-2024 15:16 PM
Indicative Yield: 6.10%

Total maturity for this week is K0.00 of which K0 is Tap maturity.  

Bid Invitation – Auction Number: 2024/3289

Auction Date and Time : 13-08-2024 09:00 AM-12:00 PM
Security Type : Government Bond
Security Number: 3143
Term : 7 Years
Maturity Date : 15-08-2031
Coupon: 6.40%
Amount On Offer: K70,000,000.00
Settlement Date: 16-08-2024 15:22 PM
Indicative Yield: 6.40%

Total maturity for this week is K0.00 of which K0 is Tap maturity.  

Bid Invitation – Auction Number: 2024/3290

Auction Date and Time : 13-08-2024 09:00 AM-12:00 PM
Security Type : Government Bond
Security Number: 3144
Term : 8 Years
Maturity Date : 15-11-2032
Coupon: 6.50%
Amount On Offer: K70,000,000.00
Settlement Date: 16-08-2024 15:24 PM
Indicative Yield: 6.50%

Total maturity for this week is K0.00 of which K0 is Tap maturity.  

Bid Invitation – Auction Number: 2024/3291

Auction Date and Time : 13-08-2024 09:00 AM-12:00 PM
Security Type : Government Bond
Security Number: 3145
Term : 9 Years
Maturity Date : 15-11-2033
Coupon: 6.70%
Amount On Offer: K80,000,000.00
Settlement Date: 16-08-2024 15:26 PM
Indicative Yield: 6.70%

Total maturity for this week is K0.00 of which K0 is Tap maturity.  

Bid Invitation – Auction Number: 2024/3292

Auction Date and Time : 13-08-2024 09:00 AM-12:00 PM
Security Type : Government Bond
Security Number: 3146
Term : 10 Years
Maturity Date : 15-02-2034
Coupon: 6.90%
Amount On Offer: K80,000,000.00
Settlement Date: 16-08-2024 15:28 PM
Previous Weighted Average Rate: 6.08%

Total maturity for this week is K0.00 of which K0 is Tap maturity.

For commercial banks, settlements will be made against the Exchange Settlement Account.

For non-registered bidders, payment must be made before submitting bids. For registered bidders, we will advise you on the result of the auction and expect settlement by 1.00PM Friday, 16th of August 2024.

For all other investors, payment must be received by BPNG before submitting bids. Payments must be made electronically from the account you have registered with us to the following BPNG account:

Account name: RMS KATS Clearing Account
Account No: 000-5312-7209-0000-1
Bank – Branch: Bank of PNG-Port Moresby
BSB No: 121001

Funds that are not required for settlement of a successful bid will be returned by Friday.

Terms and conditions apply to primary auctions. These may be found on the BPNG website.

Domestic Markets Department
Bank of Papua New Guinea
Port Moresby

 

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