Treasury Bills

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.

 

Upcoming Issues:

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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