WILLEMSTAD – The Government of Curaçao is once again turning to the capital market for large-scale financing, announcing a new bond issuance of 115.7 million Netherlands Antillean guilders to be released on Thursday, December 18 through the Central Bank.
The funds—borrowed for a period of 30 years—will be raised via government bonds, a common instrument used by countries to attract investment from banks and financial institutions. In return, the government commits to paying annual interest to investors.
According to information available at the end of November, the interest rate—linked to Dutch market rates—is expected to be around 3.5 percent.
Subscription period opens December 11
Interested investors in Curaçao and Sint Maarten can subscribe through local commercial banks starting Thursday, December 11. The subscription window closes on Monday, December 15 at noon. Participants must indicate both the amount they wish to invest and the price they are willing to pay for the bonds. After the subscription closes, the final allocation will be announced.
Repayment begins in 2026
Although the loan matures after 30 years, the government will begin repaying the principal in December 2026. This staggered repayment plan is standard for long-term sovereign loans.
In the first year, Curaçao will pay only interest on the borrowed amount. Starting in 2026, annual repayments will be made on both the principal and interest, with the final installment scheduled for 2055, at which point the debt will be fully settled.
Purpose of the borrowing not disclosed
The government notes that the new loan will provide additional funding to meet ongoing financial obligations. However, the official statement does not specify the exact purpose or intended expenditures connected to this latest borrowing.
This marks another significant entry into the capital market as Curaçao continues to finance public-sector commitments amid ongoing economic and budgetary pressures.