ECHMB raises EC$18.7 million on the ECSM

Posted: Friday , October 06 , 2017

The 6 th tranche of the Eastern Caribbean Home Mortgage Bank’s 1-year Corporate Paper, KN25516NBX05, trading symbol HMB290918, auctioned on the Eastern Caribbean Securities Market, using the primary issuance platform of the Eastern Caribbean Securities Exchange (ECSE) raised $18.7 million.

Three licensed intermediaries placed a total of 12 bids, ranging from $376,000 to $5.5 million, with an aggregate value of $24.2 million.

A competitive uniform price auction methodology was used and the resulting interest rate was 1.75 per cent