Rollover option for US $250m bond: Sayed-Khaiyum
July 2, 2015 7:05 pm
Finance Minister Aiyaz Sayed-Khaiyum says they are still considering their options for payment of the US 250 million dollar bond.
The bond worth more than 525 million Fijian dollars will mature in March next year.
Sayed-Khaiyum says discussions are ongoing with various partners to work out the best solution for Fiji.
“You can roll it over, it’s not just simply a question of paying it, its rolling it over and how much and how much want to rollover, so all those options are been considered, there are various other agencies that have shown interest to partner with Fiji in respect of the bond maturing so we’re considering the options.”
The bond taken in 2011 was for the development of infrastructure.
Earlier in the week Finance Permanent Secretary Filimone Waqabaca told FBC news a decision on what measures Fiji would take would be decided on soon.