Government of Antigua and Barbuda’s EC$17M Treasury Bill Issue Fully Subscribed

The Government of Antigua and Barbuda’s ninety-one day (91-day), seventeen million Eastern Caribbean dollars (EC$17 million), 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 18 bids, ranging from $15,000 to $4,941,000 with an aggregate value of $17,050,000.00. A competitive uniform price auction methodology was used and the resulting discount rate was 6.5%.

The brokerage firms of ABI Bank Ltd, Antigua Commercial Bank Ltd, and the National Mortgage Finance Company of Dominica Ltd participated in this auction.