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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