2025 AQUALECTRA BONDS: POWERING PROGRESS TOGETHER
Aqualectra is investing in Curaçao’s future with bonds that help fund critical projects; from grid upgrades and renewable energy to water system improvements. As the island’s sole utility provider, we’re committed to reliable, affordable, and sustainable services. By joining this bond program, investors play a direct role in powering growth, innovation, and a stronger tomorrow.
OUR VISION
Lead Curacao into the future by transforming utilities
DISCOVER THE DETAILS
BROCHURE
Curious to learn more about the Aqualectra Bonds? Our brochure gives you the full picture; from how the bonds work to where your investment goes, and how together we’re building a reliable, affordable, and sustainable future for Curaçao. Download the brochure today and explore how you can be part of powering progress.
EXPLORE OUR ROADMAP TO THE FUTURE
PROSPECTUS
The Aqualectra Prospectus lays out the foundation for growth in 2025 and beyond.
Essential details about the 2025 Aqualectra Bonds, including the terms and conditions of the Bonds, the proposed use of funds, and the risks involved.
From Aqualectra financial performance, strategic priorities to detailed budgets, investments, and risk management, it offers a transparent view of how we are building a stronger, reliable, and sustainable future. Download the full prospectus and see what drives our commitment.
TRANSPARENCY IN ACTION
ANNUAL REPORT
At Aqualectra, we believe trust is built on openness. Our Annual Reports give you a clear view of our performance, progress, and plans for the future. From financial results to sustainability milestones, explore how we are delivering on our promise of reliable, affordable, and sustainable utilities for Curaçao.
WE CREATE THE FUTURE WE WANT, TOGETHER
FAQ
Why is Aqualectra issuing the bonds?
To refinance the existing debt of the issuer and Aqualectra, partially fund the approved CAPEX, and cover the expenses related to the issuance.
How can an investor subscribe? Through authorized brokers of DCSX.
Through Authorized Brokers of DCSX – Amicorp, Banco di Caribe, Maduro & Curiel’s Bank, Vidanova Bank, and PYGG Capital.
Only professional investors with an available investment budget of XCG 50,000 or more.
Persons or investors not residing in the aforementioned jurisdictions who wish to participate in the bond issuance on their own initiative and at their own risk should contact the arranger or authorized brokers of DCSX.
Investors are charged a subscription fee by their broker. They may also incur a foreign exchange license fee and other transaction-related costs. For a detailed breakdown, investors should consult their authorized broker.
The minimum subscription amount is 1 bond for Class A1 or 1 bond for Class A2. Investors can subscribe to multiple Bonds based on available allotments.
Investors are subject to a subscription fee, which will be charged by their broker. Additionally, a foreign exchange license fee and other transaction-related costs may apply. For a comprehensive breakdown, investors should consult their Authorized Broker.
The minimum subscription amount is 1 bond for Class A1 or 1 bond for Class A2. Investors can subscribe to multiple classes based on available allotments.
The interest amount per period is determined on an actual/365 basis by multiplying the outstanding nominal amount of the Bond by the applicable coupon rate (5.00% for Class A1 and 5.20% for Class A2), adjusted for a semi-annual period (1/2 year). The first interest payment is scheduled for May 15, 2026.
Repayment occurs on the maturity date, following a bullet structure. Distributions will be made pro rata to all bondholders.
Yes, Bonds can be traded on the DCSX starting from November 16, 2025, through Authorized Brokers. When a trade is settled, all related rights and obligations of the Bond are transferred from the seller to the buyer.
Once listed, the Issuer has ongoing disclosure obligations. Investors can access updates via Aqualectra’s official website (www.aqualectra.com). Additionally, any material information that may impact bond pricing, yield, or trading volume will be reported to the DCSX and disseminated through authorized brokers and the DCSX website (www.dcsx.cw).
All subscriptions must be made in Cg (Caribbean Guilder). Investors with USD or EUR must convert their funds at the prevailing exchange rate before subscribing. For additional details, please consult an Authorized Broker.
Investors should be aware that the Bonds do not carry principal protection. While Aqualectra maintains strong financial stability, and offering vital services to the community, the likelihood of discontinuation is low, unforeseen circumstances could impact its ability to repay principal or interest. This is referred to as ‘debtor risk,’ and investors should review the Risk Factors section of the Prospectus to fully assess potential risks.
No, the Aqualectra’s existing operations and projects generate sufficient cash flow to service debt obligations. However, successful execution of new projects may contribute to increased operational efficiencies and potential tariff reductions for consumers while sustaining overall profitability.
The maximum amount to be raised through the Bond Issue is Cg 75 million.
Subscription Period: October 2 – 31, 2025
Allotment Period: November 3, 2025
Payment Period: November 4 – 11, 2025