Treasury Bill Issue 1008

Tenders are invited for the issue of Barbados Government Treasury Bills.

These Bills are being issued for a period of ninety-one and one-hundred and eighty-two days. They will be issued on Wednesday, May 15, 2024 and payable at par on Wednesday, August 14 and Wednesday, November 13, 2024, respectively.

A non-competitive window has been introduced for individual bidders. This mechanism is optional and will allow individuals to submit a bid for the amount and tenor of Treasury Bills that they wish to purchase, without specifying a tender rate, i.e. the amount which will be given for every ONE HUNDRED DOLLARS of the amount tendered. The minimum bid amount is $1,000.00. Individuals who opt to utilise the non-competitive window may be allocated the amount tendered at a rate that is the average of the successful competitive bidders.

All other tenders, including individuals who chose not to utilise the non-competitive window, must be for an amount of not less than $1,000 and must specify the amount which will be given for every ONE HUNDRED DOLLARS of the amount tendered.

Bills will be issued in denominations appropriate to the amount requested in the tender.

Application forms are available at the Treasury Department or online at https://treasury.gov.bb/content/forms. When completed, forms should be emailed to treasury.bills@barbados.gov.bb or forwarded to the Treasury Department in sealed envelopes addressed “Confidential”:

TREASURY BILL TENDER

The Accountant General

The Treasury Department

1st Flr NHC Building

Country Road, St. Michael

All applications must reach the Treasury not later than 1:30 p.m. on Thursday, May 9, 2024.

Successful applicants will be notified by letter, not later than Monday, May 13, 2024.

The Government of Barbados reserves the right to accept or reject any tender in whole or in part.

Interest Rate Last Issue (91 days) – 2.54%

Average Tender Rate (91 days) – 99.37