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The $200 million tranche of BOSS+ bonds which became available on July 1, 2023 has been fully subscribed.
A third tranche of the security will soon be released.
The first two tranches of the five-year investment offered an interest rate of 4.5%. The minimum investment was $500 and bondholders received interest twice a year. Investors also had the option to cash in after 24 months.
In addition, the bonds included clauses to protect creditors and Government from future debt distress in the event of a natural disaster or a pandemic.
BOSS+ bonds were introduced in September 2022 and are sold directly by the Central Bank of Barbados.