NO. 116 /2018        DATE: 1^st June 2018

 

 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 6^th 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 websitehttp://www.ecseonline.com/contact_details.php