BONDING WITH INVESTORS? Khaiyum defends Parliament blackout!

23/9/2015

FIJI SUN: 24 September 2015

"He [Khaiyum] adds this bond has a higher coupon rate of nine percent" - Fijivillage News

http://www.fijileaks.com/home/blackout-to-avoid-black-day-aiyaz-khaiyum-shut-parliament-out-to-outside-world-to-get-parliamentarians-to-collectively-assure-lenders-that-fiji-will-pay-us250m-in-bonds-due-for-one-single-payment-next-month

6 Comments

Canada Boy

23/9/2015 03:51:18 pm

Who is he kidding, never heard in any democracy parliament has to be shut down so that no news is released while bond terms are being negotiated. There is no international precedence for this, even Greece negotiated in the open. The opposition is sleeping and ha snot called out Khaiyum on this nonsense. One more thing the interest rates is high and you know why Victor, because it is a high risk bond and you know what happens to high risk bonds they are quoted at higher rate due to risk of default
So here is the proof in the pudding that all is not well with the state finances despite what the government says as the international bond markets are telling otherwise and bonds DO NOT LIE

john maro

23/9/2015 06:27:52 pm

This is bullshit. what it means we are borrowing at lower cost to refinance what would otherwise be high interest debt. We are still in the same shit, only difference is we're now paying less than what they were stupid enough to re-sell the bonds for in 2011. they should have just repaid the whole bang lot back then or just refinance 100m repay 50m. instead they refinanced the 150m and added another 100m. Their hands were tied because they were in a fiscal mess (principally of their own doing!!) and will continue to be in the long term. So what they will now keep blaming previous governments! Aiyaz is a naïve idiot when it comes to fiscal matters, and those top executives in Finance and RBF are just too spineless and incompetent to confront him with facts and real options.

Canada Boy

23/9/2015 06:52:54 pm

Watch out Fiji you are being mortgaged and Fiij is heading towards another Greece
Too much government spending and running deficit budget and lack of private sector investment and economic growth only spurred by government spending
Reserve Bank giving false thumbs up and the opposition is sleeping on the job and not holding government accountable on these issues

Welcome Home

24/9/2015 01:14:30 pm

The signed copy of Barbara Tuchman's Pulitzer-Prize winning history "The March of Folly : from Troy to Vietnam" was specifically donated in 1996 by Ambassador Gevirtz to PM Rabuka to ensure that the madness of permitting civilian control of the military to lapse should be well understood with all ensuing consequences for democracy and well-being of the nation. This has now sensibly been reiterated in Parliament once more. A foolish march continues with regard to incurring debts which future generations may never be able to service given current global instability in so many crucial regions.

james bond

26/9/2015 06:51:53 pm

I want you to go to Web - site see - "FIJI PROPHECY"..This is the end of the government and their leadership....The Kingdom of God will reign with men of God will rule until the rapture...

Bahuki

28/9/2015 08:06:34 pm

Then what was the need for a blackout if AK-47 claims to be supposedly "bonding with investors" through negotiations?

Its like as if there is hidden debt that he probably doesn't want the rest of the country to know about. No wonder why Fiji is so-called becoming another "Greek tragedy" as I've read in past comments on similar articles.

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