PNGX PNG National Stock Exchange, Papua New Guinea’s national stock exchange, has received the Securities Commission’s approval of the new PNGX Debt Market Rules.
Corporate bonds are a type of debt security issued by a company. The company may be listed on PNGX, it may be privately owned, or it may be a State Owned Enterprise (“SOE”).
“We are in early discussions with some potential issuers of wholesale corporate bonds. We are hopeful that we can bring at least one of them to the market soon,” said Elizabeth Wamsa, PNGX General Manager. “We will be publishing materials explaining this new market to both investors and companies in coming weeks,” said PNGX Chairman, David Lawrence.