NOTICE BY THE NATIONAL INSURANCE CORPORATION:
The National Insurance Corporation (NIC) finds it necessary to respond to statements circulating on social media, falsely claiming it bailed out the government of Saint Lucia by purchasing $5M in unsold Treasury Bills on the Regional Securities Market.
The NIC wishes to set the record straight regarding these false and misleading claims:
-The government of Saint Lucia came to market an April 7th, 2020 to roll over an existing Treasury Bill in the amount of $16M.
-The NIC has an existing position of EC $2.4 million in that Treasury Bill dating as far back as 2016.
-The NIC was successful in rolling over its existing 2.4 million at a rate of 3.46972% for a further 91 days.
-The NIC made no other investment in that Treasury Bill issue.
For certain lucky Looshans, Coral Gables is a home away from home! Read More
For those who can only talk about who I horn or who horn me, if you wish to make that… Read More
Kenny Anthony described the new St Jude as Saint Lucia’s most expensive unfinished project! Read More
St. Lucia deserves better! The people deserve leadership that prioritises hospitals over political theatrics, real development over cash-for-votes gimmicks, national… Read More
Maya Angelo advises that when people tell and show you who they are, you should believe them. Over their years… Read More
Our most important job, as a government and as regular citizens, is to bring about a change in the general… Read More
This website uses cookies to improve your experience. No personally identifiable information is stored.