INVESTOR INFORMATION
 Shareholders Bond
Issue Highlights Purchase & Sale
of Mortgages
Shareholders
The current Shareholders of the Eastern Caribbean
Home Mortgage Bank fall, into six (6) distinct
categories in accordance with the Eastern
Caribbean Home Mortgage Bank Agreement Act,
1995. The authorised share capital of the
Eastern Caribbean Home Mortgage Bank is EC$40,000,000
divided into 400,000 shares of $100.00 each.
The Issued Share Capital is $10,000,000.00
and is broken down as follows:
| Class |
Institution |
Amount $ |
% |
| A |
Eastern Caribbean Central Bank |
2,500,000 |
25 |
| B |
Social Security Systems and
Government controlled
Commercial Banks
|
1,500,000 |
15 |
| C |
Commercial Banks |
2,000,000 |
20 |
| D |
Insurance Companies and Credit
Institutions
|
1,000,000 |
10 |
| E |
International Finance Corporation |
1,000,000 |
10 |
| F |
The Home Mortgage Bank of Trinidad
and Tobago
|
2,000,000 |
20 |
| |
|
$10,000,000 |
100 |
LIST OF SHAREHOLDERS
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Bond Issue Highlights
To date ECHMB has placed 10 Bond Issues on the regional capital
market, with favorable results. Seven of the Bond Issues are
currently outstanding for an amount of $91 million. Three
of the Bonds have already matured and have been successfully
redeemed by the ECHMB. Two of the Issues were oversubscribed,
reflecting the appeal of ECHMB Bonds held among institutional
investors and individuals.
ECHMB is the premier issuer of Corporate Bonds in the region.
The company’s performance to date signals that there
are opportunities for growth of alternative investment instruments.
Additional information can be obtained from the ECHMB.
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SCHEDULE OF OUTSTANDING BOND ISSUES
| ISSUE |
TERMS |
MATURITY DATE |
AMOUNT |
COMMENTS |
| Third Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2008 |
August 2008 |
$ 6,700,000 |
|
| Fourth Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2009 |
January 2009 |
$ 5,500,000 |
|
| Fifth Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2014 |
June 2014 |
$ 11,300,000 |
|
| Sixth Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2009 |
October 2009 |
$ 19,070,000 |
|
| Seventh Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2010 |
September 2010 |
$ 22,175,000 |
|
| Eighth Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2003 |
February 2003 |
|
Matured in February 2003 |
| Ninth Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2004 |
September 2004 |
$ 13,365,000 |
Oversubscribed |
| Tenth Issue: |
Secured Fixed Rate (Tax Free) Bonds Due 2008 |
February 2008 |
$ 13,805,000 |
Oversubscribed |
| |
|
|
|
|
| TOTAL |
|
|
$ 91,915,000 |
|
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Purchase & Sale of Mortgages
| COUNTRY |
NO. OF MORTGAGES
IN PORTFOLIO
|
VALUE
($) Million
|
| Antigua and Barbuda |
52 |
10.46 |
| Grenada |
25 |
4.60 |
| St. Kitts and Nevis |
84 |
9.04 |
| St. Lucia |
138 |
21.57 |
| St. Vincent and the Grenadines |
127 |
21.03 |
| |
|
|
| TOTAL |
426 |
66.70 |
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|
Investor
Information
Eastern Caribbean Central Bank