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The Central Bank of Barbados will open for public subscription Barbados Government Savings Bonds Issue BSB S66 2010/2015 on Wednesday, September 1, 2010.
The issue will be for a nominal sum of BDS $20,000,000 and will be available in denominations of $50, $100, $500, $1,000 and $5,000. Applications should be made through the commercial banks, who will act as authorised agents to the Central Bank of Barbados.
Bonds will be issued on a discounted basis and will be priced at $79.68 per $100 representing a maximum yield to maturity of 5.10%. Interest will be free of income tax.
The general public is reminded that individuals may not hold in excess of $50,000 nominal value of this issue.
August 27, 2010