Government of Antigua & Barbuda’s EC$17M Treasury Bills Oversubscribed

The Government of Antigua & Barbuda’s 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.

Licensed intermediaries placed a total of 17 bids, ranging from $15,000 to $5,196,000 with an aggregate value of $20,303,000. A competitive uniform price auction methodology was used and the resulting discount rate was 6.25%.

The brokerage firms of ABI Bank Ltd, Caribbean Money Market Brokers Ltd, and National Commercial Bank (SVG) Ltd participated in this auction.