Inschrijven: 3 tot en met 25 februari 2025
THE REGISTRATION FORM WILL BE AVAILABLE STARTING MONDAY FEBRUARY 3, 2025 AT 12:00pm (GMT-3)!:
ENROLLMENT: February 3 to 25, 2025
ALLOCATION: March 10, 2025
DEPOSIT: March 10 to 18, 2025
COUPURES
- USD 100
- EUR 100
- USD 30,000
RENTE
- 7,75% | USD
- 7,25% | EURO
BELANGRIJKE DOCUMENTEN
- Prospectus
- Brochure
- Jaarverslagen
- INSCHRIJVING: 3 tot en met 25 februari 2025
- TOEWIJZING: 10 maart 2025
- STORTING: 10 tot en met 18 maart 2025
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De Staatsolie-Bonds 2025-2033
Staatsolie Maatschappij Suriname N.V. is issuing new bonds. With this we want to raise at least US$ 250 million and € 50 million to help pay for our participation in the development of the first offshore oil field (GranMorgu). This is an excellent opportunity for you to participate in a stable and attractive investment.
With the investment in the GranMorgu project, we are taking a big step toward realizing our vision “Energizing a bright future for Suriname.”
To view the broadcast of the launch and all presentations, please watch the video below.
FOR BRIGHTER DAYS
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Denominations
There are three denominations divided into Class A and Class B. You may enter for the minimum amount per class or in multiples thereof. There is no limit to the amount you wish to enroll for.
Class A
- A1: US$ 100. Intended for investors residing in Suriname with a local bank account, where De Surinaamsche Bank N.V. (DSB) is the agent (“intermediary”).
- A2: € 100. Intended for investors residing in Suriname with a local bank account, where De Surinaamsche Bank N.V. (DSB) is the agent (“intermediary”).
Class B
- US$30,000. Intended for investors residing in Suriname, Curaçao or Sint Maarten, where the agent is DSB or a Curaçao Bank.
The bonds will be publicly tradable on the Dutch Caribbean Securities Exchange (DCSX) and the Suriname Stock Exchange (SSX).
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Conditions, Registration, Allocation and Deposit
| Bond Conditions | |
|---|---|
|
Principal Amount |
US$ 250 million and € 50 million |
|
Term and Interest |
All classes mature on March 23, 2033 and thus have a term of 8 years. The fixed interest rate for Class A1 and Class B is 7.75%. The fixed interest rate for Class A2 is 7.25% |
|
Interest Due Date |
Twice a year in March and September,
starting on September 23, 2025 |
|
Stock Exchanges |
Dutch Caribbean Securities Exchange (DCSX) and Suriname Stock Exchange (SSX) |
|
Applicable Law |
Curaçao Law |
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Important Information and Frequently Asked Questions
What is a bond?
A bond is a debt instrument for a loan for a certain period taken out by a company or an institution. If a company (in this case Staatsolie) needs money for a specific purpose, it can issue a bond loan to obtain money. The buyer of the bond receives an interest payment from the issuer (Staatsolie). The investor receives the principal amount at the end of the term.
Why is Staatsolie issuing bonds again?
The new bonds aim to:
- Fund our participation in the development of the very first oil field in the Surinamese maritime area: the GranMorgu field in Block 58. This means we have to borrow less from banks. Staatsolie participates up to a maximum of twenty percent in the GranMorgu project. The total investment is estimated at US$ 12.2 billion, of which we have to provide US$ 2.4 billion.
- Renew the Staatsolie bonds 2020-2025 and 2020-2027. This bond issue raised US$ 195 million and largely served to finance the 2020-2027 investment program.
Who can participate in the Staatsolie bond?
- Anyone who resides in Suriname, Curaçao en St. Maarten and has a USD bank account or Euro bank account.
- Anyone who resides in Suriname or Curaçao and does not yet have a (USD) bank account or (Euro) bank account and wishes to purchase bonds, can apply to open an account at one of the participating banks in Suriname or Curaçao.
As part of the account opening procedure, the Know Your Customer (KYC) procedure must first be completed. For more information on how to open an account, please contact the bank of your choice.
When can I register for the bond?
ENROLLMENT PERIOD: February 3 to 25, 2025. Anyone can enroll to participate in the Staatsolie bond issue.
ASSIGNMENT: March 10, 2025. On this day you will hear if your enrollment has been accepted.
DEPOSIT PERIOD: March 10 to 18, 2025. During this period you must pay the amount of the bonds allocated to you.
How do I enroll for a bond?
You can register via the registration form on the website, and at all branches of DSB and other local banks in Suriname, namely VCB, SPSB, Trustbank Amanah, Surichange Bank, Hakrinbank, Godo, Finabank, Southern Commercial Bank and Republic Bank Suriname.
DSB fulfills the role of agent for the local banks in Suriname and in Curaçao you can contact Vidanova Bank, PYGG, Banco Di Caribe and Amicorp (see the details in the prospectus).
Do I need to have the amount for which I am registering in my account immediately upon registration?
Yes, when you register for a bond you must usually already have the money for the purchase in your account
have standing. This is because registration automatically entails the obligation to pay for the registration
bonds allocated to you, as stated in the prospectus.
The amount must be deposited into your account on the day the deposit period closes, on March 18, 2025.
account. If assigned to you, the bank will start from the deposit period, which runs from 10 to and
by March 18 at 12:00 P.M., charge the accounts for the appropriated amount. If not enough
If the money is in the account on the last day of the deposit period, the purchase will unfortunately not go through.
If I have enrolled, am I a bondholder?
No. After the enrollment period, the issuer of the bond (Staatsolie) will make the final decision on the approved enrollments. You will receive confirmation from DSB via email and/or text message on March 10 as to whether and for what amount you have been allocated.
Can I participate if I am already a bondholder of previous Staatsolie bonds?
Holders of the current Staatsolie Bonds 2020-2025/2027 have various exchange options:
- Exchange for the same amount of new bonds.
- Exchange for the same amount of new bonds and register for additional new bonds, for which payment must be made in cash upon allocation.
- Exchange part of the current bonds and keep the remainder.
- Retention of all current bonds.
Retained bonds are not redeemed early.
Is there a fixed interest rate for this bond?
Yes, this bond has a fixed interest rate of:
- 7.75% for the US$ bonds.
- 7.25% for the Euro bonds.
When will the interest be paid out?
The interest is paid out twice a year by Staatsolie via the bond and payment agent (DSB) during the term, in March and September of each year. The first interest payment is on September 23, 2025. The principal amount will be paid after the bonds mature on March 23, 2033.
Do you have more questions? Consult “All Questions and Answers!
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Contact
Send us a message with your questions or comments.
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Information Line
For more information about investing in the Staatsolie Bond 2025-2033, please contact De Surinaamsche Bank – Securities Section:
- +597 471100
- Monday through Friday: 8:00hrs. - 14:00hrs.
- info.staatsolieobligatie@dsb.sr and obligaties2025@staatsolie.com
