Papua New Guinea cooks up bond debut

Has the country finally got the ingredients right to serve up a debut international bond deal?
The new face of Papua New Guinea?
The new face of Papua New Guinea?

The Independent State of Papua New Guinea PNG is set to embark on international roadshows next week for what it hopes will be its debut international bond deal. 

The B2B rated nation has hired ANZ, Bank of China, JP Morgan and Societe Generale for a dollar-denominated transaction. 

Central bank governor Loi Bakani and Department of Treasury secretary Dairi Vele will lead presentations in London on June 21, followed by Boston on June 22 and New York on June 23.

The prospective deal comes at a critical time for the country, which is running short of US dollars and wants to...

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