The Treasury and Resources Department at the States of Guernsey
has progressed preparations for the issuance of an inaugural States
of Guernsey Bond.
The States of Guernsey through its bookrunners Barclays,
Deutsche Bank and RBC Capital Markets has announced to the market
its intention to issue a long-dated Sterling benchmark bond subject
to market conditions.
A series of fixed-income investor meetings are commencing this
week in Guernsey, London and Edinburgh. On 29 October 2014 the
international credit rating agency , Standard & Poor's,
confirmed they had assigned an 'AA+ / A-1+' stable outlook
credit rating to the States of Guernsey.
Treasury and Resources Minister Gavin St Pier said: "The
proposed bond issuance is not about raising money to spend. It is
about refinancing more cost effectively our public sector trading
entities, all of which have income streams to support their own
borrowings. It will help us make sure our assets work better for
us, and
