06/05/2026
PNGX, operator of Papua New Guinea’s national stock exchange, today celebrated the successful listing of Papua New Guinea’s first wholesale corporate bond, a 235 million kina 10 year unsecured subordinated bond issued by Kina Securities Limited (PNGX Code: KSL361). This landmark transaction represents a significant milestone in the continued development and diversification of Papua New Guinea’s capital markets.
The listing marks the first utilisation of the wholesale corporate bond framework introduced in 2022, reflecting the combined efforts of PNGXPNGX, the Securities Commission of Papua New Guinea, and the IFC - International Finance Corporation to establish a fit-for-purpose regulatory and market structure for corporate debt issuance in Papua New Guinea.
The minimum initial investment size for the KSL bond was 250,000 kina with tradable parcel size of 50,000 kina face value in the PNGX secondary market. The wholesale corporate bond market is not open to retail investors.
PNGX
Kina Bank
Securities Commission of Papua New Guinea
IFC - International Finance Corporationance Corporation
Bank of Papua New Guinea
Hon. Richard Maru
20260505 Kina Bond final 1
