ISSUE OF $100,000,000 BARBADOS GOVERNMENT 7% DEBENTURES 2023

The Public Debt of Barbados at June 30, 2011 was approximately $8,559.8  million of which Treasury Bills outstanding stood at $1,190.3 million.

Persons with a refund of pension contributions who have exercised their option to purchase this government security should apply directly to the Central Bank of Barbados.

Applications in the prescribed form must be addressed to the Director, Banking Currency and Investments Department, Central Bank of Barbados, Tom Adams Financial Centre, P.O. Box 1016, Spry Street, Bridgetown.  Payment may be made on or after allotment and interest will accrue from the day of payment of such amounts.

The transfer register is closed during the month in which interest is paid on this security.  Consequently, NO payments shall be received for securities during the month in which interest is paid for the said securities.  For payment under BDS$100,000.00, crossed cheques can be made payable to the Central Bank of Barbados.  However, all payments for securities of nominal value BDS$100,000.00 and over must be settled through the Real Time Gross Settlement (R.T.G.S) payment system.  To effect this payment, the applicant should request any commercial bank operating in Barbados to make the transfer on his/her behalf to the Accountant General’s account at the Central Bank of Barbados.

Prospectuses and application forms may be obtained from the Central Bank of Barbados, the Accountant General’s Department, and the commercial banks.

This prospectus is issued by the Central Bank of Barbados on behalf of the Government of Barbados.