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

The Government of Antigua and Barbuda’s ninety-one (91-day), seventeen million Eastern Caribbean dollars ($17M) treasury bill issue, auctioned on the Regional Government Securities Market using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE), was oversubscribed by almost $7M.

Licensed intermediaries placed a total of 19 bids, ranging from $10,000 to $7,440,000 with an aggregate value of $23,966,000. A competitive price auction methodology was used and the resulting discount rate was 6.50%.

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