Government raises millions through treasury bill auction

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The Government of Antigua and Barbuda’s 180-day Treasury bill issue, auctioned on the
Regional Government Securities Market using the primary market platform of the
Eastern Caribbean Securities Exchange (ECSE), raised $25.0 million.

Four licensed intermediaries placed a total of 24 bids, ranging from $10,000.00 to $8.0
million, with an aggregate value of $40.2 million.

A competitive uniform price auction methodology was used and the resulting discount rate was 2.95626 per cent.

The brokerage firms of the Bank of Saint Lucia Ltd, Bank of St Vincent and the
Grenadines Ltd, Grenada Co-operative Bank Ltd and First Citizens Investment Services
Limited, participated in this auction.

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