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Central Bank of Trinidad and Tobago to auction T-bills

The Central Bank of Trinidad and Tobago is inviting bids from both individuals and institutions for issues of three-month, six-month and one-year issues of treasury bills.

“With the last one-year auction yielding a rate of return of approximately 2.48 per cent, these can help you achieve your savings and investment goals,” the central bank said in a statement on its website.

(Photo: My Tobago)

The issue of the treasury bill is slated for November 20, 2019. However, the bank informed that interested parties should submit their bids by November 18, 2019.

The Central Bank of Trinidad and Tobago instructed for payments to be made by a certified cheque in its name, and that the cheques must accompany the tender for the respective treasury bill.

“Cheque payments must be submitted no later than three (3) working days prior to the auction date,” the statement said.