CBS Solidarity Bonds fully subscribed

Application for the 7% 3-year, 10% 5-year and 12% 7-year Solidarity Bonds is now closed, following the successful full subscription of the bonds. The 3 Solidarity Bonds worth SCR500 million each, which were being administered by the Central Bank of Seychelles (CBS), were issued on June 15, 2020 as part of Government efforts to raise additional funding in light of the COVID-19 pandemic. The CBS has received a total of 724 applications for all three bonds, of which 565 were from individ-uals for a total valueof SCR 512.5 million. To recall that the Solidarity Bonds were being issued in multiples of SCR 1,000 with a minimum value of SCR 1,000 and sold on a first-come-first-served-basis.A