Antigua St. John's - The Government of Antigua and Barbuda (GoAB) is launching its Treasury Bill Programme for 2013 with a first issue of $10 M on March 13.
According to a release, the 180-day Treasury Bill will be auctioned on the Regional Government Securities Market using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE).
In the event there is an oversubscription in the T-bill issue, the GoAB is willing to accept up to an additional $5 M of the amount.
The T-bill is being issued to refinance maturing RGSM securities and assist with the government’s short-term cash flow management requirements.The lead broker for the issues is First Citizens Investment Services Ltd St Lucia.
A competitive uniform price auction methodology will be used with an offer rate of six percent. Interested investors may contact the licensed broker in Antigua and Barbuda, Antigua Barbuda Investment Bank Ltd or the Ministry of Finance at
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12 Comments In This Article
info
Auction Trading Symbol Term Iss ue Amount Issue Date Maturity Date Yield (Coupon Rate) Price Per $ 100 Issue Value No. Of Bids Total Bid Amount
Date ($Mil)
30-Nov-12 AGB031213 365-day $16.7 03-Dec-12 03-Dec-12 6.50% $93.50 $15,643,485.00 14 $16,731,000.00
12-Nov-12 AGB131113 365-day $7.70 13-Nov-12 13-Nov-13 6.50% $93.50 $7,236,900.00 3 $7,740,000.00
11-Sep-12 AGB110313 180-day $11.6 12-Sep-12 11-Mar-13 6.00% $97.041 $11,249,003.83 13 $11,592,000.00
21-Aug-12 AGB211112 91-day $15.0 22-Aug-12 21-Nov-12 5.00% $98.753 $14,813,013.68 18 $18,668,000.00
06-Jul-12 AGB050113 180-day $7.089 09-Jul-12 05-Jan-13 6.00% $97.041 $6,879,243.29 8 $7,089,000.00
14-Jun-12 AGB121212 180-day $15.0 15-Jun-12 12-Dec-12 5.00% $97.539 $14,630,136.98 17 $19,235,000.00
Total $73.089 $70,451,782.78 73 $81,055,000.00
Guru
Oustanding pt 3
C. USD Private Placement
SERIES C Issue Date: 30 June 2011 Original Amount Issued: US$10, 000,000 (EC$27,000,000) Outstanding Amount: US$10,000,000 Type of Issue: USD Bond Maturity Date 30 June 2026
Guru
Oustanding pt 2
Issue Date: 12September2012 Original Amount Issued: EC$11,592,000 Outstanding Amount: EC$11,592,000 Type of Issue: RGSM180-day Treasury Bill Maturity Date: 11March2013
Issue Date: 12 November 2012 Original Amount Issued: EC$7,700,000 Outstanding Amount: EC$7,700,000 Type of Issue: RGSM365-day Treasury Bill Maturity Date: 13 November 2013
9
Issue Date 30 November 2012 Original Amount Issued: EC$16,700,000 Outstanding Amount: EC$16,700,000 Type of Issue: RGSM365-day Treasury Bill Maturity Date: 3 December 2013
Guru
Oustanding
EC$ RGSM
SERIES A Issue Date: 28 July 2011 Original Amount Issued: EC$20,000,000 Outstanding Amount: EC$20,000,000 Type of Issue: RGSM EC$5-Year Bond Maturity Date: 28 July 2016
SERIES B Issue Date: 29 July 2011 Original Amount Issued: EC$5,530,000 Outstanding Amount: EC$5,530,000 Type of Issue: RGSM EC$10-Year Bond Maturity Date: 29 July 2021
Guru
@ Big Mac & Godson
skyewill
RE: Govt Announces Treasury Bill Auction
Big Mac
@Skyewill
My opinion, if you buy these bonds issued by the GOAB then you should have no more expectation to get your money back than those greedy investors who bought Stanford's CDs.
Godson
RE: Govt Announces Treasury Bill Auction
Dig It
RE: Govt Announces Treasury Bill Auction
ECHO
RE: Govt Announces Treasury Bill Auction
bjsm
issued to refinance maturing RGSM securities and assist with the government’s short-term cash flow management requirements.
skyewill
Investment Caution
anuson
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