Finance Minister gives breakdown on how US$500M was raised on the international market

Finance Minister gives breakdown on how US$500M was raised on the international market

Minister of Finance, Colm Imbert, tells the Senate this afternoon how the US $500M which was raised on the international market on Monday will be used.

Minister Imbert says two hundred and fifty million US dollars of the money raised will be used to refinance a $250 million dollar bond that is maturing this month.

Opposition Senator , Wade Mark, asked Minister Imbert how will the money be allocated?

Minister Imbert said the government was able to secure a beneficial move for the country.

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