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BASSETERRE, St. Kitts — The Government of St Vincent and the Grenadines’ $25 million 91-day Treasury bill issue, auctioned on the Regional Government Securities Market using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE), was oversubscribed by $20.9 million, the ECSE said in a press release.

Six licensed intermediaries placed 24 bids, ranging between $5,000 and $11.2 million, with an aggregate value of $45.9 million. A competitive uniform price auction methodology was used and the resulting discount rate was 3.25 per cent, the statement said.

Antigua Commercial Bank Ltd, Bank of St. Vincent and the Grenadines Ltd., ECFH Global Investment Solutions Ltd., First Citizens Investment Services Ltd., Financial Investment and Consultancy Services Ltd., and National Mortgage Finance Co. of Dominica Ltd. were the brokers that participated in this auction.

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