Government’s Inaugural Retail Bond Fully Subscribed Following Strong Investor Response

Basseterre, St. Kitts and Nevis, October 21, 2026 (PMO) – The Government of St. Kitts and Nevis’ inaugural Household and Non-Governmental Organisation Retail Bond has been fully subscribed at EC$10 million, following strong demand from investors in the Federation and across the Eastern Caribbean. Financial Secretary in the Ministry of Finance, Mr. Carlton Pogson, announced the successful subscription during the 2027 National Budget Forum on Tuesday, October 20, noting that demand for the investment instrument significantly exceeded the Government’s original EC$5 million offering. “We started out at five million. That was fully subscribed within two weeks,” Mr. Pogson told participants at the Forum. He explained that the Government subsequently expanded the offering to EC$8 million, with the additional allocation also fully taken up in less than one week.

Following further demand, Cabinet granted special approval for an additional EC$2 million, bringing the total value of the offering to EC$10 million. That additional amount has also been fully subscribed. The Financial Secretary thanked citizens and residents of St. Kitts and Nevis, along with investors from across the region, for their participation in the initiative. He said the overwhelming response speaks to what he described as a high level of confidence in the economy of Saint Kitts and Nevis. The Retail Bond was launched on September 22, 2026, as part of a wider effort to make formal investment opportunities more accessible to ordinary households and eligible organisations. Issued through the Regional Government Securities Market (RGSM), the two-year bond carries a fixed interest rate of 4. 5 percent per annum, with interest paid semi-annually and the principal scheduled to be repaid at maturity on October 26,…