Frontier Resilience Capital · Confidential
Papua New Guinea
Climate Conservation
Credit Swap
Sovereign Resilience Financing Program
USD 500M
Sovereign Bond
8.375% · Sept 2028
USD 100–175M
NPV Benefit
Preliminary estimate
33M ha
Forest Cover
3rd largest contiguous
97%
Customary Tenure
Indigenous ownership
"PNG should own the architecture before the market designs it."
Strategic Framework
Three Interlocking Objectives
Maximize Sovereign Financial Value
Not a lower headline coupon — maximise total sovereign value after accounting for all costs, commitments, and risks.
Shift Investor Base, Reduce Volatility
Move beyond EM credit-spread-sensitive investors toward insurers, pension funds, ESG mandates, and climate-focused capital.
Customary Ownership as Value Asset
97% customary tenure is not a complexity — it is a strategic asset that underpins conservation credibility.
Decision Requested
The Stage 1 mandate protects a USD 500 million refinancing decision.
Authorise Stage 1 · Appoint FRC as strategic transaction architect · Grant data access.