Antigua & Barbuda T Bills oversubscribed
Published May 3rd, 2007
The government of Antigua & Barbuda has announced the 14th oversubscription of treasury bills issued on the Regional Government Securities Market (RGSM).
At the end of the auction which took place on Monday, there were 24 consolidated bids valued at $28.62m which was oversubscribed by $11.62m.
A press release from the Ministry of Finance stated that the minimum bid amounted to $10, 000 while the maximum bid was $7.2m and the market clearing interest rate was 6.5 per cent.
The release further noted that the Minister of Finance and the Economy, Dr. Errol Cort indicated that the government was very satisfied with the outcome of the auction and thanked all investors for their continued interest in and support for the treasury bills programme.
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