ST.-LUCIA-CITIZENSHIP
3.3.2021 10:02:11 CET | Business Wire | Press release
In the light of the global socio-economic challenges created by the COVID-19 crisis, countries around the world are being pushed to innovate in an effort to move their economies forward. CIP Saint Lucia is no exception, with awareness of the pragmatic need for modernization coupled with its understanding of the needs of prospective investors, driving its innovative COVID-19 Relief Bond option under the Saint Lucia Citizenship Investment Programme.
Nestor Alfred, CEO of CIP Saint Lucia commented, “We are all about sustainability and longevity. Our market leading governance and due diligence is at the heart of our offer to our investors - the value of their investment will remain stable and grow steadily. Just as importantly, lifelong enhanced mobility is their guaranteed yield.”
However, there is more to this story than the standard investment migration offering to global investors of enhanced mobility and hedging volatility. Through the COVID-19 Relief Bond option , CIP Saint Lucia found an innovative solution that created a “win-win” for investors and Saint Lucians.
- By creating a new bond offering, investors inject $250,000/300,000 with varying holding periods onto the sovereign balance sheet, thereby creating enhanced autonomy for Saint Lucia against the current challenging economic dynamic.
- Due to the investment structure, the COVID-19 Relief Bond offering is particularly attractive to families. Fully endorsed by the government and therefore very low risk, the coupon will be repaid after 5/6/7 years depending on the tenor selected - creating a favourable long term value proposition compared to the donation or real estate options.
Nestor concludes, “The CIP Saint Lucia COVID-19 Relief Bond is arguably the only socially responsible investing (SRI) option in the investment migration industry. Our innovative investment structure means that investors can support a developing economy and sovereign state in a time of need. But this isn’t charity, this is a sophisticated investment choice that creates value for Saint Lucia, Saint Lucians and investors alike.
Saint Lucia gains from a sustainable liquidity source. Investors gain a value catalyst for enhanced global mobility, and lifelong yield and the bond pricing. It’s a real win, win - which in the time of COVID is pretty rare.”
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