Corporate Bonds

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It is a debt security, under which the ECHMB owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date. The instrument is normally issued for tenures 365 days or greater.

ECHMB Bonds are issued by public prospectus utilizing the platform of the Eastern Caribbean Securities Exchange (ECSE). The ECSE is also contracted as the Bank’s Transfer and Paying Agent.

Interest is usually payable semiannual. The ownership of the instrument can be transferred on the secondary market (ECSE); this means that the ECHMB’s bond, is highly liquid.

The Bank bonds are rated Cari BBB+ (Foreign Currency) and Cari BBB+ (Local Currency) by the Caribbean information & Credit Rating Services (CariCRIS).

Schedule of Investment Opportunities Issues for 2018

Investment Type Amount Tenure Auction Date Settlement Date View Prospectus
Corporate Paper 1 (HMB300119) $21,505,300.00 365 29-Jan-2018 30-Jan-2018 Click Here
Corporate Paper 2 (HMB300119) $24,984,700.00 365 26-Mar-2018 27-Mar-2018 Click Here
Corporate Paper 3 (HMB040419) $30,000.000.00 365 03-Apr-2018 04-Apr-2018 Click Here
Corporate Paper 4 (HMB010619) $30,000,000.00 365 31-May-2018 01-Jun-2018 Click Here
Corporate Paper 5 (HMB040719) $31,200,000.00 365 03-Jul-2018 04-Jul-2018 Click Here
Corporate Paper 6 (HMB280919) $18,770,000.00 365 27-Sep-2018 28-Sep-2018 Click Here
Corporate Paper 7 (HMB221019) $7,500,000.00 365 19-Oct-2018 22-Oct-2018 Click Here
Corporate Paper 8 (HMB261119) $7,500,000.00 365 23-Nov-2018 26-Nov-2018 Click Here
Corporate Paper 9 (HMB281219) $27,637,000.00 365 27-Dec-2018 27-Dec-2018 Click Here

 

The ECHMB has successfully issued and repaid bonds in excess of $1.187b and has paid in excess of $172.7m in interest to bond and corporate paper holders.

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