Tuesday, April 16, 2024

Bondholders receive early repayments

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Bondholders have started to receive early refunds of securities restructured in 2018.

Today, the Central Bank of Barbados confirmed the start of repayments to certain categories of Series B bondholders, up to $17 500.

Also, the Bank assured customers querying the status of their payment advices, updated statements, and cashflow schedules that they will receive them soon.

The Series B bonds were to mature by 2033.

However, the Government announced in its 2023 Budget that it would make an unscheduled partial principal prepayment of up to $17 500 to eligible Series B bondholders by end-April because of a better-than-anticipated outturn in the fiscal year 2022-2023. (PR/SAT)

 

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