ISSUE OF $100,000,000 BARBADOS GOVERNMENT 7?% DEBENTURES 2027

ISSUE OF $100,000,000 BARBADOS GOVERNMENT 7?% DEBENTURES 2027

Applications are invited for subscription to this Debenture opening on Monday, November 22, 2010, with an issue date of Wednesday, December 01, 2010.  The Debenture will be issued at par with a fixed interest rate of 7?% per annumpayable on June 30 and December 31 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 Commissioner of Inland Revenue of their status before exemption is granted.  However, for all persons resident in the island, the interest from these Debentures will be taxed separately from other income at a rate not exceeding 12½%.  These Debentures will be repayable at par on December 31, 2027.  The issue will remain opened until the Central Bank advises that it has been fully subscribed.

Prospectuses may be obtained from the Central Bank of Barbados, our website at www.centralbank.org.bb, the Accountant General or any commercial bank.  Application forms should be addressed to the Director, Banking, Currency & Investments Department, Central Bank of Barbados, Tom Adams Financial Centre, P.O. Box1016, Bridgetown.

November 4, 2010