SEVENTIETH ISSUE OF GOVERNMENT OF BARBADOS SAVINGS BONDS


Created 13 Feb, 2013
Categories General Press Release
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SEVENTIETH ISSUE OF GOVERNMENT OF BARBADOS SAVINGS BONDS

The Central Bank of Barbados will open for public subscription Barbados Government Savings Bonds Issue BSB S70 2013/2018 on Friday, February 15, 2013.

The issue will be for a nominal sum of BDS $10,000,000 and will be available in denominations of $50, $100, $500, $1,000 and $5,000.  Applications should be made through the commercial banks, who will act as authorised agents to the Central Bank of Barbados.

Bonds will be issued on a discounted basis and will be priced at $78.44 per $100 representing a maximum yield to maturity of 5.5%.  Interest will be free of income tax.

The general public is reminded that individuals may not hold in excess of $50,000 nominal value of this issue.

 

February, 2013

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