Categorized | Local, News, Regional

Central Bank launches third tranche of Savings Bonds

CBB

Governor Dr. DeLisle Worrell

Governor Dr. DeLisle Worrell

BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados (CBB) Tuesday said it would launch its third tranche of savings bonds on Wednesday after the first two totaling BDS$20 million (One BDS dollar = US$0.50 cents) had been sold out within days of being issued.

The CBB said that the new tranche would have a nominal value of BDS$25 million and is the third series issued since it  re-launched its savings bonds programme two weeks ago.

“We’ve increased the size of the tranche to ensure that everyone who is interested in investing in savings bonds is able to get them,” said  Linel Franklin, Senior Operations Officer at the Central Bank.

“We have gotten many calls from people who want bonds but haven’t been able to get them. We don’t want them to be turned away again.”

Franklin confirmed that the pricing and rate will remain the same for the new series.

“The savings bonds going on sale tomorrow will still cost BDS$76.24 per BDS$100, which represents a yield to maturity of 5.5 per cent. People can still purchase from BDS$50 to BDS$100,000.”

She also revealed that Barbadians who bought bonds from previous series are eligible to invest in this new tranche.

“If you’ve already bought savings bonds from series 75 or 76, even if you purchased the maximum, you can still buy from this one.”

 

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CBB

Governor Dr. DeLisle Worrell

Governor Dr. DeLisle Worrell

BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados (CBB) Tuesday said it would launch its third tranche of savings bonds on Wednesday after the first two totaling BDS$20 million (One BDS dollar = US$0.50 cents) had been sold out within days of being issued.

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The CBB said that the new tranche would have a nominal value of BDS$25 million and is the third series issued since it  re-launched its savings bonds programme two weeks ago.

“We’ve increased the size of the tranche to ensure that everyone who is interested in investing in savings bonds is able to get them,” said  Linel Franklin, Senior Operations Officer at the Central Bank.

“We have gotten many calls from people who want bonds but haven’t been able to get them. We don’t want them to be turned away again.”

Franklin confirmed that the pricing and rate will remain the same for the new series.

“The savings bonds going on sale tomorrow will still cost BDS$76.24 per BDS$100, which represents a yield to maturity of 5.5 per cent. People can still purchase from BDS$50 to BDS$100,000.”

She also revealed that Barbadians who bought bonds from previous series are eligible to invest in this new tranche.

“If you’ve already bought savings bonds from series 75 or 76, even if you purchased the maximum, you can still buy from this one.”