Former West Indies Cricket Board (WICB) president Ken Gordon has called on the Board to be magnaminous and allow suspended coach Phil Simmons to be with the team on its current tour of Sri Lanka...
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Govt $1b bond issue oversubscribed
The auction of Government’s $1 billion seven-year 2.20 per cent bond issued on Friday has been oversubscribed, with the total bids received amounting to $2,144,190 million. In a paid advertisements published in daily newspapers, the Central Bank said bond, intended to assist in domestic liquidity management, was allotted at a premium, with a clearing price of $101.30 per $100 face value, offering investors a yield to maturity of two per cent.
The Central Bank said: “Bids at this clearing price were pro-rated to allocate approximately 39 per cent of the amount applied at this price, while competitive bids submitted at a price lower than this were rejected. “Successful competitive bidders, as well as non-competitive bidders, will be required to pay the clearing price for the bond.”
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