Prime Minister Gaston Browne, delivering the EC$1.64 billion budget to Parliament on Thursday, said that the bond with a 10 year, 4.5 per cent instrument registered on Euroclear, “is the first and largest bond of its kind issued by Antigua and Barbuda and it has been fully subscribed.
“This financing provides an incredible opportunity for the government to re-profile its debt, to ensure sustainability going forward, and to invest in strategic projects that will drive economic growth, create employment, and generate increased revenue to finance government operations.”
Browne said that the proceeds from this bond will be used to implement projects that will stimulate the economy and secure growth of eight per cent this year.
