The Newsroom

01 Jun

Government of Grenada to Auction EC$ 15 million 91-Day Treasury Bill on ECSE

ST. GEORGE’S, GRENADA, 1st June 2018: The Government of Grenada will be auctioning EC$ 15 million 91-Day Treasury bill on the Regional Government Securities Market (RGSM) to be traded on the Eastern Caribbean Securities Exchange (ECSE). 

The auction will take place on Wednesday 6th June 2018 from 9:00 AM to 12:00 noon. The trading symbol of the Treasury bill is GDB060918 and the maximum coupon rate is 4%. 

This issue will be the second of three issues of EC$ 15 million 91-Day Treasury Bills on the RGSM for this fiscal year.

A competitive uniform price auction will be used for all issues on the RGSM. Further details about the issues as well as the 2018 issuance calendar are available at http://www.ecseonline.com/cal_issues.php and http://finance.gd/docs/GovernmentofGrenadaProspectus2018.pdf

Investors desirous of participating in the auction are required to do so through the services of licensed brokers that are members of the ECSE. A list of these intermediaries and their contact information are available on the ECSE website http://www.ecseonline.com/contact_details.php

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GARFIN

Grenada Authority for the Regulation of Financial Institutions or GARFIN, the regulatory authority for the non-bank financial sector in Grenada.