Treasury bills sold out.(ANTIGUA & BARBUDA)(Brief article)

0 Comments | Caribbean Update, June, 2006 | by Wagenhein, Kal

TREASURY BILLS SOLD OUT. Antigua's second batch of treasury bills issued on the Eastern Caribbean Securities Exchange has sold out, though investor interest fell short of that shown at the nation's first release, an official said, reports AP (April 20, 2006). The EC$17 million (US$6.4 million; euro5.18 million) worth of treasury bills was oversubscribed by EC$5.3 million (US$2 million; euro1.6 million)--some EC$18 million (US$6.7 million; euro5.4 million) less than was bid on the first issue on March 15, said Casroy James, investment manager with ABI Bank in St.

John's. The government issued the treasury bills to finance its EC$2.4 billion (US$904 million; euro732 million) debt and to pay for public sector reform. It is expected to float an EC$100 million (US$38...