The Central Bank of Barbados, acting as the fiscal agent for the Government of Barbados, issues a number of government securities in which the public can invest. These instruments are 100 percent guaranteed by the Government and can be used as collateral for a number of financial transactions. In addition, these securities are fixed income-earning instruments, thereby, the agreed rate of interest stated upon purchase, is exactly what you will earn when the instrument matures.
They include Savings Bonds, Treasury Notes and Debentures.
A Savings Bond is a five-year security, issued on a discounted basis to private individuals, friendly societies and charitable organizations.Interest earned on the security is free of income tax.
Treasury Notes / Debentures
A Treasury Note is an instrument issued for a period ranging from one to ten years, while a Debenture is an instrument with a maturity period of over ten years. These fixed income instruments are available only at the Central Bank of Barbados.