By LCN Business Desk
The terms are printed in the notice and almost nobody reads it.
What is being sold, and by whose judgment?
Eight parcels are listed across six matters, and every one rests on a bank's writ.
| Judgment | Years to sale | Creditor |
|---|---|---|
| 13 June 2012 | 14 | Republic Bank (Guyana) Ltd |
| 10 December 2014 | 11 | Republic Bank Guyana Ltd |
| 13 November 2018 | 7 | Hand-in-Hand Trust Corporation Inc |
| 5 January 2023 | 3 | Citizens Bank Guyana Inc |
| 6 December 2023 | 2 | Republic Bank (Guyana) Ltd |
| 1 December 2025 | 0 | Republic Bank (Guyana) Ltd |
Source: Execution Sales, First Supplement to the Official Gazette (Extraordinary), 10 October 2026, notice dated 6 October.
This newspaper does not name the judgment debtors. In two of the six, the notice names none either: the respondent is given as "The proprietor or proprietors, representative or representatives".
The parcels are at Plantation Belfield and Martyrsville, Mon Repos, on the East Coast; Peter's Hall and Great Diamond on the East Bank; part of Onderneeming on the West Bank; and, in one matter, a half-lot at Bourda in Georgetown together with part of Plantation Ruimveldt.
Republic Bank (Guyana) Ltd is the creditor in four of the six. It is the Guyana bank, not Republic Financial Holdings, the Trinidad-registered parent whose chief executive succession this newspaper reported on 17 October.
What does a buyer actually have to pay on the day?
A deposit of 25 per cent, of which G$500,000 in cash, with the rest of that quarter due by three the next afternoon.
The notice sets the terms out in full. A parcel selling for G$500,000 or less is cash. Above that, the purchaser deposits a quarter of the price with the Marshal forthwith, G$500,000 of it in cash at the time of the sale, and pays the remainder of the quarter by manager's cheque by 3 p.m. on the next day following, not being a holiday.
What are the terms on the balance?
The purchaser pays three equal instalments, with interest at 6 per cent a year.
| Purchase money | Instalments due at |
|---|---|
| Up to G$5,000,000 | 1, 2 and 3 months from the sale |
| Above G$5,000,000 | 2, 4 and 6 months from the sale |
Source: as above.
Interest runs at 6 per cent per annum in both cases. A purchaser who defaults faces forfeiture proceedings under Part 48.14 of Rule No. 1 of 2024, the Civil Procedure (Amendment) Rules 2024. Title passes under section 124 of the Land Registry Act, Cap 5:02.
A bidder may send an agent, but the notice requires the authority to be exact. The notice requires a Power of Attorney bearing the clause "To bid for real and/or personal properties on behalf of the 'Appearer' and uplift receipts accordingly", or a notarised authorisation.
How does 6 per cent compare with borrowing from a bank?
It is below the banking system's average loan and below two of the three mortgage lenders the central bank reports.
| Rate, end-June 2026 | Per cent |
|---|---|
| The court's instalment terms on the deferred balance | 6.00 |
| Commercial banks, weighted average lending rate | 7.72 |
| Prime lending rate | 8.04 |
| Hand-in-Hand Trust Corporation Inc, domestic mortgages | 10.00 |
| Hand-in-Hand Trust Corporation Inc, commercial mortgages | 13.00 |
| New Building Society, average ordinary mortgage | 4.38 |
| New Building Society, low-income mortgage | 3.50 |
| Commercial banks, weighted average time deposit rate | 0.94 |
Source: Bank of Guyana Half-Year Report 2026. The weighted average lending rate fell 18 basis points in the half year and the prime rate 17.
Hand-in-Hand Trust Corporation Inc appears on both sides of the comparison. It is selling a property on a judgment it obtained in 2018, and it is a lender whose own domestic mortgage rate the central bank records at 10 per cent and whose commercial mortgage rate it records at 13.
What does the notice not tell a bidder?
The two things a buyer most needs: what anything is worth, and why each sale took as long as it did.
No reserve price and no valuation appears for any parcel. The notice describes each property by lot, block and zone, and stops there. A bidder arriving on 3 November has the location and nothing on value.
No reason is given for any interval between judgment and sale. The oldest matter shows a fourteen-year gap, and it is on the record. The cause is not. An appeal, a payment arrangement that later failed, forbearance by the creditor, difficulty locating or valuing the property, and court scheduling would each produce the same line in the gazette, and the notice distinguishes none of them.
It is also a first publication, which means further publications follow and a sale date can move.
What does this mean for the rest of the Caribbean?
That the cheapest secured credit on offer in Guyana this month is being written by a court, not a bank.
The instalment terms are not a concession to a distressed borrower. They are the standing terms on which the Registrar of the High Court sells seized property, printed in the gazette every time a sale is advertised. A business with G$500,000 in cash can bid, and if it wins can take up to six months to pay the balance at 6 per cent.
Guyana's lending market around that figure was examined in The Development Bank's Two Loans, and the gap between a judgment and money in hand is the other side of the collateral question raised in A Designation Is Not a Conviction.
The entities
- Registrar of the High Court conducts the sale, in person or by lawful deputy.
- Writs of seizure and sale are the instruments under which a judgment creditor has a debtor's property sold.
- Republic Bank (Guyana) Ltd is the judgment creditor in four of the six matters.
- Hand-in-Hand Trust Corporation Inc is the creditor in one, and a mortgage lender in the central bank's own rate tables.
- Citizens Bank Guyana Inc is the creditor in one.
- Part 48.14 of Rule No. 1 of 2024 governs forfeiture where a purchaser defaults.
- Section 124 of the Land Registry Act, Cap 5:02 is the provision under which title passes.
- Bank of Guyana Half-Year Report 2026 is the source of every comparison rate above.
What the title card shows
Every data point on the article's title card, in text.
- 6.00 per cent. Interest on the deferred balance under the court's terms. Source: Execution Sales notice.
- 25 per cent. The deposit due forthwith above a G$500,000 price. Source: as above.
- 6. Matters set down for sale on 3 November 2026. Source: as above.
- 14. Years between the oldest judgment, of 13 June 2012, and the sale. Source: as above.
- 7.72 per cent. Commercial banks' weighted average lending rate at end-June 2026. Source: Bank of Guyana Half-Year Report 2026.
- Quotation: "exposed for sale to the highest bidder", Execution Sales, 10 October 2026.
Frequently Asked Questions
When and where is the sale?
Tuesday 3 November 2026 at 9.30 a.m., at the High Court of the Supreme Court of Judicature, Avenue of the Republic, Georgetown, before a Sworn Clerk or Assistant Sworn Clerk.
What must a successful bidder pay on the day?
Cash if the price is G$500,000 or less. Above that, a deposit of 25 per cent of the purchase money forthwith, of which G$500,000 must be cash at the time of sale, with the balance of the 25 per cent by manager's cheque by 3 p.m. the next day that is not a holiday.
What are the terms on the remaining balance?
Three equal instalments with interest at 6 per cent per annum: at 1, 2 and 3 months where the purchase money does not exceed G$5,000,000, and at 2, 4 and 6 months where it does.
Can someone bid on my behalf?
Yes, by an Attorney or Agent with written authority properly authenticated, either a Power of Attorney carrying the clause "To bid for real and/or personal properties on behalf of the 'Appearer' and uplift receipts accordingly", or a notarised authorisation.
Who are the creditors?
Republic Bank (Guyana) Ltd in four matters, Hand-in-Hand Trust Corporation Inc in one, and Citizens Bank Guyana Inc in one.
Is 6 per cent cheap?
It is below the commercial banks' weighted average lending rate of 7.72 per cent and the prime rate of 8.04 per cent at end-June 2026, and below Hand-in-Hand Trust's domestic mortgage rate of 10 per cent. It is above the New Building Society's ordinary mortgage rate of 4.38 per cent.
Does the notice say what the properties are worth?
No. No reserve price or valuation is published for any parcel, and no reason is given for the interval between any judgment and the sale.