A treasury bill is a government debt instrument issued for a period of one year or less. Treasury bills do not pay interest but are sold at a discount and matures at par (100% of the face value). The difference between the purchase price and par at maturity represents the income/return on the instrument paid to the purchaser.
Various regional governments issue T-Bills on the RGSM on a monthly basis. Minimum investment is EC$5,000.00 with increases denominated in EC$1,000.00. Each T-Bill has a maximum discount rate however the closing discount rate is determined by a competitive uniform price auction with open bidding.
|ISSUER||ISSUE DATE||TENOR||ISSUE SIZE||MAX RATE||PROSPECTUS|
|Government of St Lucia||28th December 2016||180 days||EC$25.00M||6.00%||N/A|
|Eastern Caribbean Home Mortgage Bank||27th December 2016||365 days||EC$27.637M||3.00%||N/A|
|Government of St Vincent & the Grenadines||19th December 2016||91 days||EC$28.00M||4.82%||N/A|
|Government of St Lucia||09th December 2016||91 days||EC$11.00M||6.00%||N/A|
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