New Securities to be Issued on November 15

Date: 11/3/2018
Author(s): Central Bank Of Barbados

Created 05 Nov, 2018
Categories General Press Release
Views: 1168

The Central Bank of Barbados today advised that the restructured securities under Government’s new debt offer will be issued on November 15, 2018.

The Bank explained that technical and data issues had delayed the process. “The Bank regrets not meeting the original October 31 deadline. We are working assiduously to complete the process by mid-November,” the Bank said.

The Bank also reminded investors that they will receive e-statements and not physical certificates for the new instruments. 

97 percent of the participants in the debt swap accepted the new offer, which includes a reduction in interest rates, an extension of maturities and selective principal reductions.

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