NO. 36/2016 DATE: August 2, 2016
GRENADA CONTINUES ITS SUCCESSFUL RUN IN ITS RGSM ACTIVITIES
ST. GEORGE’S, GRENADA, Tuesday, August 02, 2016: The Government of Grenada issued two treasury bills in July 2016 on the Regional Government Securities Market (RGSM). On July 20, Grenada issued an EC$30.0 million, 365 day Treasury Bill and on July 21st 2016, a EC$15 million, 91 day treasury bill issue.
Both securities were competitively auctioned and resulted in oversubscriptions of $6.5 million and $13.96 million respectively at very favorable discount rates of 4.76% and 3.86% respectively.
Since the start of 2016, all of Grenada’s auctions have been oversubscribed and at lower rates than previous years, which is strong evidence that investor confidence in the economy is being restored.