Grenada and the Eastern Caribbean Central Bank Team Up on Strategy

• The Grenadian government is working in partnership with the St Kitts-based Eastern Caribbean Central Bank (ECCB) to introduce a household retail bond as part of its debt management and citizen investment strategy. The initiative will be outlined in October 2025.
• The bonds are intended to encourage household participation in government securities, provide safe and attractive investment opportunities to households and retail investors, broaden the investor base, promote financial literacy and support the financing of national development priorities. This initiative forms part of the administration’s broader strategy to deepen the domestic capital market, diversify financing instruments, and provide citizens with accessible investment opportunities.
• Retail bonds are suitable for businesses of all sizes and across all sectors as it helps them tap into a new pool of capital outside of the traditional wholesale markets. Retail bonds also provide people with a safe investment option, offering better interest rates than other savings schemes. While this is set to be the first retail bond for citizens, for 2025, the Grenada government has scheduled auctioning a total of EC$105 million treasury bills and bonds on the Eastern Caribbean Securities Exchange (ECSE) through the Regional Government Securities Market (RGSM).
• According to Grenada's 2025 prospectus on the exchange, the government's plan is to raise EC$60 million through 91-day Treasury Bills and EC$45 million through 365-day Treasury bills at different dates during the months of February, May, August, September, October and December. The first 365-day Treasury Bill auctioned by the government of Grenada on the RGSM was oversubscribed and raised five million dollars more than the targeted amount.

(Source: CariCris)