Investor confidence in USVI grows; improved economic outlook highlighted in national publication


ST THOMAS, USVI — The prices of US Virgin Islands bonds, a bellwether of the public markets’ confidence in the USVI economy, have roared back, according to recent financial reports.

As of last week, bond sales show a more than 100 percent increase on the value of some USVI bonds from one year ago. Prices of USVI gross receipts and rum cover over bonds are now trading at premium levels and are highly desirable according to a report in the Bond Buyer, a respected financial industry publication. The price of some US Virgin Islands bonds’ on the secondary market has more than doubled.

As an example of the how bond values have gone up, $2 million of US Virgin Islands gross receipts tax bonds maturing in 2039 sold for 44 cents on the dollar on December 28, 2017, and on…

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