Series two seeks to raise EC$40M via a six-year 7.0 percent semi-annual coupon bond
Auction date is Thursday, October 17 and the issue date set for Friday, October 18, 2013.
Series three of the issue seeks to raise US$7M via a six-year 6.75 percent semi-annual coupon bond. The minimum investment amount is $5,000 in their respective currencies.
The bond will be issued under the authority of the National Savings Development Bond Act and will be used to fund a portion of the 2013/2014 budget capital expenditure and to refinance EC$40M and U$7M.