Government of Antigua and Barbuda’s 365-day Treasury Bill Issue
The Government of Antigua and Barbuda’s 365-day Treasury bill, auctioned on the Regional Government Securities Market using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE), raised $30.0 million.
Four licensed intermediaries placed a total of 29 bids ranging from $20,000.00 to $7.0 million, with an aggregate value of $40.6 million.
A competitive uniform price auction methodology was used, resulting in a discount rate of 2.91262 per cent.
The brokerage firms of the Bank of Saint Lucia Ltd, Bank of St Vincent and the Grenadines Ltd, First Citizens Investment Services Ltd, and Grenada Co-Operative Bank Ltd participated in the auction.
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for such a short term, I wonder what is the purpose for the money being raised…
How is it Antiguans we’re not asked to use all the savings in the banks the PM boasting about to purchase 5hese bills?
Treasury bills are used to manage cash flow fluctuations,balance the overall debt portfolio and implement monetary policy.The government uses the money from investors to fund it’s on going expenses,including infrastructural projects,salaries,defense and healthcare expenses.Treasury bills don’t provide protection against inflation.Another CLICO/BAICO ponzi scheme once bitten twice shy. GB and his cronies need to invest in the treasury bills they are the ones reaping the wealth of the country.
the MOTTLEY administration claims that the liquidity in the BARBADOS banking system is over 6 billion barbados dollars and is making an earnest appeal to the people to invest in BONDS/TREASURY BILLS the people are not supporting the appeal due to the CLICO/BAICO DEBACLE although the POLICYHOLDERS received their money they have no TRUST in the government fiscal policies ONCE BITTEN TWICE SHY.
ANTIGUA DEBT TO GDP IS NOT 61% STOP FOOLING THE CITIZENS OF ANTIGUA.
how much of this was invested back into the country? or it all the in ABLP ministers personal bank accounts
@Ghetto well said. Elections around the corner trying to raise money for his campaign by bringing in MEGAN THE STALLION to perform and then GB AND HIS CRONIES steal the balance. GB is not sure if he is going to WIN the ELECTIONS so GB IS MAKING SURE THAT HE AND HIS CRONIES ARE SET UP FOR LIFE WITH THE LOOT.The so called TREASURY BILLS offering a discount rate of 2.91262 percent interest higher than what the local commercial banks are offering.This is similar to what CLICO/BAICO did to the POLICYHOLDERS (FRAUD) You are better off putting your money in your mattress than investing in the 365 day TREASURY BILL.EAT LITTLE AND LIVE LONG.I hope RALPH INVESTIGATE this CON JOB and guide the CITIZENS of ST VINCENT AND THE GRENADINES.
There should be a DEBATE in PARLIAMENT on the above article.
RE:ISSUE OF TREASURY BILL BY THE GOVERNMENT OF ANTIGUA AND BARBUDA.
It is over 17 years CLICO/BAICO debacle with no RESOLUTION in sight.POLICYHOLDERS in the OECS are suffering, dying prematurely and unable to meet their daily needs.
The government of ANTIGUA AND BARBUDA and the rest of the OECS governments need to issue TREASURY BILLS/BONDS and pay the affected policyholders in the OECS.
The GOVERNMENTS of TRINIDAD,BARBADOS and GUYANA paid their POLICYHOLDERS to regain INVESTORS CONFIDENCE in the financial market and also to maintain political power.
During BARBADOS DEBT RESTRUCTURING in 2018,MOTTLEY sat down the BONDS/TREASURY BILLS investors and advised that the government of BARBADOS is unable to pay the BONDS/TREASURY BILLS at maturity and the government would roll over the instruments for another 10 years at a negligible interest rate, she also advise the investors to accept the offer it is better than nothing, which have decimated the lives of the citizens of Barbados.Similar to what they have experienced in the CLICO/BAICO DEBACLE,and MOTTLEY have the gall to come in 2024 pleading to the citizens to take their money out of the commercial banks and invest in more bonds and treasury bills due to the liquidity in the banking system ONCE BITTEN TWICE SHY.MOTTLEY also advise that the commercial banks are paying pittance interest comparing to the interest you would receive if you invest in TREASURY BILLS/BONDS .
G,B would do the same as the above if you invest in the 365 days TREASURY BILLS similar to what he is doing to LIAT WORKERS SEVERANCE OFFER TAKE IT OR LEAVE IT POLICY.G.B sees the sun rise and set in MOTTLEY R*C*U* .G.B needs to go to the IMF,WORLD BANK,CDB and other lending institutions and raise the 40 million dollars instead of trying to rob poor people of their hard earn money.
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