SCR 200 million bond to be called Bond 1770; to commemorate 250 years of the first attempt at settlement in Seychelles on St Anne Island on 27th August 2020
April 01, 2019
The Bond that is to be issued for Government for the sum of SCR 200 million will be called ‘Bond 1770”. The Bond which will be issued in July 2019, will be for monetary policy purposes for a period of seven years, with an interest rate of 7% per annum. Interest which will be paid half-yearly.
‘Bond 1770” has been chosen to commemorate the 250 years of the first attempt at settlement in Seychelles on St Anne Island on 27th August 2020.
In 1770, Brayer du Barre obtained permission from the authorities in Ile de France to set up a post in Seychelles. On 27th August 1770 the ship named ‘Telemaque’disembarked 28 persons (15 white men, 7 black slaves, 5 Indians, I black woman) to start a community on Ste. Anne Island. Within two years however, the settlement had failed and the people were taken back to Ile de France.
The French were the first to claim the Seychelles Islands as their own in 1756 as part of the colony of Ile de France (now known as Mauritius) and they were the first to send settlers here.
The two other DBS Bonds, each worth SCR50 million, is to be issued in April 2019. One is for a three-year period and the second is for five years. The three-year bond will bring a 6% interest per annum, while the five-year bond will bring an interest of 6.5% per annum. All the bonds will be issued in multiples of SCR 5,000 with a minimum value of SCR 5,000.