ECHMB raises EC$31.2 million on the ECSM

Posted: Tuesday , July 24 , 2018

The 5th Tranche of the Eastern Caribbean Home Mortgage Bank’s 1-year Commercial Paper
(2018), KN25516NCF89, trading symbol HMB040719, auctioned on the Eastern Caribbean
Securities Market using the primary issuance platform of the Eastern Caribbean Securities
Exchange (ECSE) raised $31.2 million.


Three licensed intermediaries placed a total of 13 bids, ranging from $175,000 to $7.5 million,
with an aggregate value of $37.5 million. A competitive uniform price auction methodology was
used and the resulting interest rate was 2.0 per cent.


Bids for this offering were submitted by Bank of Saint Lucia Ltd, Bank of St Vincent and the
Grenadines Limited and First Citizens Investment Services Limited.