Trop-X Closing Prices for week ending May 11, 2018 |14 May 2018

Trop-X granted a debt listing to Altafinch Malta PLC “ALTAFI5” on May 11, 2018 on its Debt Board. This addition makes a total of twenty-six securities listed on the Exchange. Following the recent trades on Trop-X, prices in SAC remained constant, with a 7.69% increase in SBL’s share price (from SCR 65).

The Seychelles Rupee is currently trading at 13.86 to the US Dollar (decrease by 0.54% when compared to last week), 16.50 to the Euro (decrease by 1.06%) and 18.64 to the British Pound (increase by 0.06%). The average interest rates on T-Bills decreased at the end of the week to 4.49% for the 91-day maturity (from 4.61%) and 5.74% for the 182-day maturity (from 5.80%, when compared to last week)

If you are interested in opening a trading account, please get in touch with one of our two broker members who can assist you both in English and Creole:

Constant Capital (Seychelles) Ltd - 434 6820/ or email info@constant.sc

PKF Capital Markets (Seychelles) Ltd – 4346770/ or email pkfcapital@pkf.com

What is a bond?

A bond is a debt instrument issued by governments, corporations and other entities in order to finance projects or activities. When companies or other entities need to raise money to finance new projects, maintain ongoing operations, or refinance existing debts, they may issue bonds directly to investors instead of obtaining funds from a bank.

In essence, a bond is a loan that investors make to the bond issuer. The price of a bond when it is first issued is basically the money being loaned and it is referred to as the face value. In exchange for this loan, an investor receives interest known as the bond’s coupon. This is something extra that the issuer pays to the investor for the privilege of using his/her money. Typically, the risker the bond, the higher the coupon rate.

These debt instruments are issued for a specified period of time such as one year, three years or even thirty years. At the end of this specified time period, the bond is said to have reached its maturity date. Bond issuer will pay the bond holder the face value of the bond. In other words, the bond issuer repays the loan to the investor. Bonds are often viewed as a stable and predictable form of investing.