CNMI signs $29 million promissory note to Marianas Public Land Trust, with 7.5% interest and 7-year repayment term
SAIPAN — The Commonwealth of the Northern Mariana Islands government has executed a $29,000,000 promissory note in favor of the Marianas Public Land Trust (MPLT), with the note setting simple annual interest of 7.5% and a minimum repayment period of seven years (84 months), based on the signed document provided to NMI News Service.