A Corporate Bonds Forum attended by potential issuers, investors and advisers was held in Suva Today.
This comes after the International Finance Corporation conducted a study on ways to develop Fiji’s Corporate Bond Market in July last year.
IFC Senior Financial Sector Specialist-Aaron Levine says:
“Fiji has a a growing capital market and a growing economy at the moment but one gap in it is the corporate bonds element so what the Government issues bonds to raise funds for it. Our activity is of coporates really haven’t exercised this and options and part of the reason is because of its regularity environment”
IFC Resident Representative in Fiji-Deva De Silva says there’s a significant amount of funds available for investments in Fiji held by institutional investors looking for opportunities to diversify their investments.
The Forum aims to create a Framework that will make it easy for corporate or financial institutions to raise funds through a Bond.
The Forum was Facilitated by IFC along with the Reserve Bank of Fiji.
About 65 participants from the various commercial banks and corporate companies were part of the one day Forum.