Treasury Bill Offering Announcement

Paragraph 1: Introduction to the Treasury Bills Issuance

The Government of St. Christopher and Nevis, under the authority of the Treasury Bills Act, Cap 21.18, has announced a new issuance of Treasury Bills. This offering presents an investment opportunity for both existing and new investors seeking short-term government-backed securities. The issuance includes 91-day, 182-day, and 365-day T-bills, each with varying coupon rates and maturity dates. This notice serves as an official invitation for investors to participate in the tender process.

Paragraph 2: Re-tendering Options for Existing Investors

Existing Treasury Bill holders are provided with the option to re-invest in the upcoming issuance. They can re-tender their holdings for 91-day T-bills yielding 3.75% per annum, maturing on April 29th, 2025; 182-day T-bills offering 3.85% per annum, also maturing on April 29th, 2025; or 365-day T-bills with a 4.0% annual return, maturing on May 13th, 2025. Upon maturity, all re-tendered T-bills will be redeemed at their face value. Letters of Allotment, confirming the successful re-investment, will be dispatched to existing investors by April 14th, 2025.

Paragraph 3: New Investment Opportunities and Application Procedures

In addition to re-tendering options, the government welcomes new investors to participate in this Treasury Bill offering. New applications are being accepted for the 182-day and 365-day T-bills, offering coupon rates of 3.85% and 4.0% per annum, respectively. The minimum investment amount for new applicants is EC $20,000.00. Both changes to existing investments and new applications must be submitted to the Accountant General Chambers by Friday, April 11th, 2025, at 3:00 pm. Applications should be enclosed in sealed envelopes.

Paragraph 4: Submission Guidelines and Notification of Tender Results

To ensure confidentiality and proper handling, all applications, whether for new investments or changes to existing holdings, must be submitted in sealed envelopes and delivered to the Accountant General Chambers, located on Central Street in Basseterre, St. Kitts. The envelopes should be clearly marked "CONFIDENTIAL," "Treasury Bills Tender," and indicate Issue Number 217. Successful tenderers will be notified by letter no later than Wednesday, April 16th, 2025. Application forms can be obtained from the Accountant General Chambers.

Paragraph 5: Government’s Right to Accept or Reject Tenders

The Government of St. Kitts and Nevis retains the right to accept or reject any tender submitted, either in whole or in part. This discretion allows the government to manage the issuance effectively and ensure alignment with its financial objectives. The decision to accept or reject a tender is final and is based on the government’s assessment of the overall tender submissions received.

Paragraph 6: Availability of the Treasury Bills Act and Contact Information

The Treasury Bills Act, Cap 21.18, which governs the issuance and management of Treasury Bills, is available for public review at Government Headquarters. For further information or clarification regarding the Treasury Bill issuance, interested parties can contact the Accountant General, Levi A. Bradshaw, at the Treasury Chambers in St. Kitts. This notice provides comprehensive information regarding the upcoming Treasury Bill offering, facilitating informed investment decisions for both existing and prospective investors.