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The Central Bank of Barbados will open for public subscription Barbados Government Savings Bonds Issue BSB S74 2014/2019 on Tuesday, December 02, 2014.
The issue will be for a nominal sum of BDS$5,000,000.00 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 $78.44 per $100 with a maximum annual yield of 5.5%, if held to maturity. Interest will be free of income tax.
Persons with a refund of pension fund contributions, who have exercised their option to purchase Government Savings Bonds should apply directly to the Central Bank of Barbados.
The general public is reminded that individuals may not hold in excess of $50,000.00 nominal value of this issue.
November 27, 2014