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  • Treasury & Resources progress preparations for States of Guernsey Bond

    Monday 24 November 2014

    The Treasury & Resources Department has progressed preparations for the issuance of an inaugural States of Guernsey Bond and announces a series of fixed income investor meetings commencing 27 November 2014

    Not for distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction where to do so would be unlawful.

    The States of Guernsey through its bookrunners Barclays, Deutsche Bank and RBC Capital Markets has announced to the market its intention to issue a long dated Sterling benchmark bond subject to market conditions.

    A series of investor meetings will be held in Guernsey, London and Edinburgh commencing 27 November 2014.

    On 29 October 2014 the international credit rating agency, Standard & Poor's, confirmed they had assigned an 'AA+ / A-1+' stable outlook credit rating to the States of Guernsey.

    Deputy Gavin St Pier, Minister for Treasury and Resources, said:

    "We are delighted to be working with world-class financial institutions that have a strong Guernsey presence.

    "The proposed bond issuance is not about raising money to spend. It is about refinancing more cost effectively our public sector trading entities, all of which have income streams to support their own borrowings. It will help us make sure our assets work better for us, and ensure that the borrowing we have is consolidated and done in a way that gets a better deal for the Island."



    This communication (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. The securities referred to above have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), or the securities laws of any states of the United States or other jurisdiction, and the securities may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit, of U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

    This communication is directed solely at (i) persons outside the United Kingdom, (ii) persons with professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the "Order"), (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons in (i)-(iv) above being "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with relevant persons. Any person who is not a relevant person should not act or rely on this communication.

  • Permission for the Elderly and the Disabled to View the Christmas Lights

    Monday 24 November 2014

    The Environment Department is reminding members of the public about the seasonal dispensations that it is again offering this year for driving through some prohibited streets in the Town area, to view the Christmas lights. These are intended for the benefit of the elderly and disabled.

    As the Department's Traffic and Transport Services Manager explains:

    "For a number of years now, the Department has granted a general permission for members of the public to drive up through Le Pollet or down Smith Street and into the High Street or from Mansell Street   into Mill Street so that members of the elderly and disabled communities can view the Christmas lights.  There is no need to call the Department's offices for a permit, however I must stress that this permission is only open for vehicles carrying persons of pensionable age or disabled passengers.  In addition, this concession only applies on Sunday to Wednesday evenings between the hours of 18:00hrs and 22:00hrs and between Sunday 30th November 2014 and Sunday 4th January 2015."

    Drivers must only travel towards the direction of the Town Church when travelling along Le Pollet or the High Street.  Drivers are also reminded that the above listed roads are subject to a 12mph speed limit.

    Contact Information:

    Karl Guille, Traffic and Transport Services Manager
    Environment Department
    Tel: 243400


  • Update - Signage at Rue Des Goddards

    Monday 24 November 2014

    Environment Department Response to media enquiry from BBC Radio Guernsey.

    BBC Radio Guernsey Enquiry:

    Sorry for the late notice about this, but we've only just heard about it.

    We're looking for a response to a story we'll be running tomorrow about the Rue Des Goddards and complaints we've heard from businesses in the area regarding the closure to the Vazon Coast Road.

    We'd like to know:

    Why Environment are not letting the businesses on the road put signs directing them around the closure to their businesses?

    Will you be giving any compensation for the loss of business incurred by the companies on the road who are affected by the closure to the Vazon Coast Road?

    Environment Department Response:

    The Public Services Department is currently resurfacing the top section of the Vazon Coast Road.  As is normal practice, the Environment Department has arranged for the closure and diversion signage around these works to manage the traffic flow.  The Department may also provide information, such as which end of a diversion a well known landmark, such as a business, may be reached.  This helps advise road users how far along a section of road that they may expect to travel.

    In this particular instance, the businesses in question are not on, or even adjacent, to the closed section of road.  Vehicles travelling along the coast from either direction will be diverted along Sous Les Courtils or Route de la Mare.  Both of these roads cross the Rue des Goddards, on which these businesses are located, so actually brings potential customers closer to the businesses than they would otherwise be.  Access from the east is also unhindered.  

    However, on this occasion, the Department has agreed to the request for additional informational signage to be placed out at the cost of the business concerned. 

    Contact Information:

    Karl Guille, Traffic and Transport Services Manager
    Environment Department
    Tel: 243400