Prime Minister Dr. Ralph Gonsalves said the recent sale of this country’s 25 million dollar 91-day Treasury bill issue further reflects the remarkable confidence which investors have in the Government’s management of the economy and society.

Prime Minister Dr. Gonsalves made this comment at a news conference yesterday. The Treasury bill issue, which was auctioned on the Regional Government Securities Market on June 4th, was oversubscribed by 20.9 million dollars,he further stated that the sale will bring significant benefits this country.

The Brokers participating in the auction were the Antigua Commercial Bank limited, the Bank of St Vincent and the Grenadines Limited, ECFH Global Investment Solutions Limited, First Citizens Investment Services Limited, Financial Investment and Consultancy Services Limited and National Mortgage Finance Company of Dominica limited.

In April, a 40-million dollar10-year bond issue, which was auctioned on the Regional Government Securities Market last Friday, by the Government of St. Vincent and the Grenadines, was oversubscribed by 285 thousand dollars.

Source: NBC Radio