ECHMB raises EC$31.2 million on the ECSM

Posted: Friday , October 06 , 2017

The 5th tranche of the Eastern Caribbean Home Mortgage Bank’s 1-year Corporate Paper, KN25516NBW22, trading symbol HMB040718, auctioned on the Eastern Caribbean Securities Market, using the primary issuance platform of the Eastern Caribbean Securities Exchange (ECSE) raised $31.2 million.

Four licensed intermediaries placed a total of 12 bids, ranging from $175,000 to $7.5 million, with an aggregate value of $35.4 million.

A competitive uniform price auction methodology was used and the resulting interest rate was 1.989 per cent.