Government of St Vincent & the Grenadines $16M Treasury Bill Issue Fully Subscribed

The Government of St Vincent & the Grenadines ninety-one (91-day), sixteen million Eastern Caribbean dollars (EC$16M) treasury bill issue, auctioned on the Regional Government Securities Market using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE), was fully subscribed.

Licensed intermediaries placed a total of 9 bids, ranging from $10,000 to $12,000,000 with an aggregate value of $16,000,000.  A competitive uniform price auction methodology was used and the resulting discount rate was 5.82%.

The brokerage firms of ABI Bank Ltd and National Commercial Bank (SVG) Ltd participated in this auction.