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Applications are invited for subscription to this Treasury Note opening on Monday, November 22, 2021 for issue December 1, 2021. The Treasury Note will be issued at par with a fixed interest rate of 4.25% per annum payable on February 28, May 31, August 31 and November 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 15%. The Treasury Notes will be repayable at par in ten (10) equal installments commencing on August 31, 2024. The issue will remain opened until the Central Bank advises that it has been fully subscribed.
Prospectuses and application forms may be obtained from the Central Bank of Barbados’ website at www.centralbank.org.bb. Application forms should be addressed to the Director, Banking and Investments Department, Central Bank of Barbados, Tom Adams Financial Centre, P.O. Box1016, Bridgetown.
November 2021