ISSUE OF $50,000,000 BARBADOS GOVERNMENT 7.75% DEBENTURES 2035

Author(s): Central Bank Of Barbados

Created 25 Sep, 2015
Categories Investment Debentures
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Applications are invited for subscription to this Debenture opening on Monday September 28, 2015 for issue Thursday, October 1, 2015. The Debenture will be issued at par with a fixed interest rate of 7.75% payable on March 31 and September 30 of each year. The interest due to Pensioners 60 year and over residing in Barbados will not be subject to withholding tax.

Non-residents seeking tax exemption must satisfy the Revenue Commissioner of their status before exemption is granted. However, for all persons resident in the island, the interest from these Debentures will be taxed separately from other income at a rate not exceeding 12 1/2%. These Debentures will be repayable at par on September 30 , 2035. The issue will remain opened until the Central Bank advises that it has been fully subscribed.

Prospectuses may be obtained from the Central Bank of Barbados, our website at www.centralbank.org.bb, the Barbados Revenue Authority or any commercial bank. Application forms should be addressed to the Director, Banking, Currency & Investments Department, Central Bank of Barbados, Tom Adams Financial Centre, P.O. Box 1016, Bridgetown.

 

September 2015



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