The Government of St. Vincent and the Grenadines successfully raised EC $30.04 million in local loans during the period of April to June 2026, according to a statement made by the Prime Minister in Parliament.
The financing was secured through the issuance of government bonds in both domestic and regional markets via private placements. These bonds were structured with maturity terms of six, eight, and ten years. The Prime Minister noted that these terms align with the government’s broader debt management strategy, which focuses on lengthening the maturity profile of domestic debt instruments.
Investors in these bonds were offered coupon rates of 5.75%, 6.5%, and 7.25%, with payments made semi-annually.
Regarding the allocation of these funds, approximately EC $6.38 million representing about 19% of total capital spending for the second quarter—was directed toward capital projects. The remaining EC $23.66 million was utilized for recurrent expenditure.
The Prime Minister provided these details in response to questions regarding the 2026 estimates of revenue and expenditure, which originally anticipated contracting up to EC $200 million in local loans.