𝐏𝐍𝐆𝐗 𝐑𝐄𝐂𝐄𝐈𝐕𝐄𝐒 𝐒𝐄𝐂𝐔𝐑𝐈𝐓𝐈𝐄𝐒 𝐂𝐎𝐌𝐌𝐈𝐒𝐒𝐈𝐎𝐍 𝐀𝐏𝐏𝐑𝐎𝐕𝐀𝐋 𝐎𝐅 𝐃𝐄𝐁𝐓 𝐌𝐀𝐑𝐊𝐄𝐓 𝐑𝐔𝐋𝐄𝐒
(PNGPNG Papua New Guinea Business News)
“𝘗𝘕𝘎𝘟, 𝘗𝘢𝘱𝘶𝘢 𝘕𝘦𝘸 𝘎𝘶𝘪𝘯𝘦𝘢’𝘴 𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘴𝘵𝘰𝘤𝘬 𝘦𝘹𝘤𝘩𝘢𝘯𝘨𝘦, 𝘩𝘢𝘴 𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘥 𝘵𝘩𝘦 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘊𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯’𝘴 𝘢𝘱𝘱𝘳𝘰𝘷𝘢𝘭 𝘰𝘧 𝘵𝘩𝘦 𝘯𝘦𝘸 𝘗𝘕𝘎𝘟 𝘋𝘦𝘣𝘵 𝘔𝘢𝘳𝘬𝘦𝘵 𝘙𝘶𝘭𝘦𝘴”
The new PNGXPNGX PNG National Stock Exchange Debt Market Rules allow a company to issue corporate bonds and have those bonds listed on PNGX where they can be traded.
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”).
Initially, bonds traded on PNGX will be limited to wholesale corporate bonds. Retail investors will not be able to invest in wholesale corporate bonds within the first year. This is to allow the market to become familiar with the products before opening it up to the retail sector…𝘊𝘭𝘪𝘤𝘬 𝘰𝘯 𝘵𝘩𝘦 𝘭𝘪𝘯𝘬 𝘵𝘰 𝘳𝘦𝘢𝘥 𝘮𝘰𝘳𝘦(𝘩𝘵𝘵𝘱𝘴://𝘸𝘸𝘸.𝘱𝘯𝘨𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘯𝘦𝘸𝘴.𝘤𝘰𝘮/…/𝘱𝘯𝘨𝘹-𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘴…)