We have issued Series B and Series I bonds.
Series B Bonds consists of 11 amortising strips with maturities of 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, and 15 years. The interest rate for these instruments will be 1% per year for the first three years; 2.5% for year 4; and 3.75% per year thereafter until maturity. Calculate your cashflow
Series I Bonds - consists of 15 amortising strips with maturities commencing 2020 and continuing annually with a final maturity in 2034. The interest rate for these instruments will be 0.25% per year. Calculate your cashflow
You will receive interest quarterly.
No. We will lodge all payments to your bank account.
Contact the Banking Department of the Central Bank of Barbados at 436-6870, if you wish to change your banking details
Yes, you will receive an e-statement notifying you that payments have been made.
The Central Bank is no longer issuing physical certificates for securities. Instead, you will receive an e-statement showing the total of your holdings.
Holders of government securities will now have a securities account for which they will receive a periodic e-statement showing the total value of their holdings. The statement will include all relevant information about their holdings, including maturity dates.