None
EN
Comment on Government to auction EC$5 million bond to citizens by CECIL BUXO
['Linda Straker']
Comments for NOW Grenada
Cornwall explained that this initial retail auctioning bond will be part of a pilot project of the ECCB that also involves St Kitts and Nevis.
The finance minister said that such an initiative is important because it will provide citizens with an opportunity to invest.
The brokers will be those already approved by the Eastern Caribbean Securities Exchange that provide their services for the Regional Government Securities Market.
A separate prospectus for the EC$5 million bond will be published separately from the prospectus which provides information about the auctions of the government’s treasury bills and bonds through the Eastern Caribbean Securities Exchange scheduled for 2025.
The EC$15 million Treasury Bill auctioned by the Regional Government Securities Market on 2 September was oversubscribed and raised EC$5 million more than the targeted amount.
['ec5'
'bond'
'prospectus'
'citizens'
'million'
'exchange'
'eastern'
'auction'
'securities'
'treasury'
'caribbean'
'bonds'
'retail']