ISSUE OF $50,000,000 BARBADOS GOVERNMENT 6.625% TREASURY NOTE 2025

Author(s): Central Bank Of Barbados

Created 25 Sep, 2015
Categories Investment Treasury Note
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Applications are invited for subscription to this Treasury Note opening on Monday, September 28, 2015 for issue October 1, 2015. The Treasury Note will be issued at par with a fixed interest rate of 6.625% payable on March 31 and September 30 of each year. The interest due to Pensioners 60 years 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 Treasury Notes will be taxed separately from other income at a rate not exceeding 121/2%. These Treasury Notes will be repayable at par on March 31 , 2025. 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 ww.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. Box1016, Bridgetown.

 

September 2015



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