The Central Bank of Barbados, in its capacity as exchange agent, will be hosting a debt exchange forum exclusively for holders of treasury bills, treasury notes and debentures outstanding as of September 30, 2018.
As part of its debt restructuring programme outlined last Wednesday, Government is offering to exchange existing government papers for new instruments.
The debt exchange forum will be held from Monday September 24 to Saturday September 29, from 9 a.m. to 4 p.m. daily at the Courtney Blackman Grande Salle, at the Central Bank.
Creditors will have the opportunity to get their questions and concerns addressed.
Waste of time.
The lender is not the borrower”s slave, it is the other way around.
If I were a creditor I would not accept any “”new instruments””. The govt. is supposed to pay me “”X”” , I want my “”X”” amount, nothing less will do.
The alternative for me would be to take the Govt. to court for breach of contract.
Carson?
You ever heard about bankruptcy , chapter11.
Ask trump how he used to get out of debt but still continue to own and operate his casinos
in some bankruptcy cases the creditors does have to take what the debtor can afford to pay. in other the creditors don’t get one red cent.
Do u understand what happened to redjet, clico, Julie n,
that’s where Barbados is at right now. go to court and you still have to take what u get. you will be only wasting money and time.
Breadfruit
Dont fool yourself, there are different forms of Bankruptcy, some more severe than others.
And remember your Govt. dont want to go the Bankruptcy route, trust me.
It would be far worse for MIA”s Govt.
It u that fooling itself about wanting ur x amount
Technically Barbados is in bankruptcy and no judge ain’t going to agree with you
U would be lucky to get back ur principal
So say you.
Another nail in the coffin . This is part of the reasons Bajans don’t invest. Every which way you turn , we always seem to get cxxk-suck.
No Alex
The only way to grow you money is to invest.
For safety, don’t put ur eggs in one basket
Usually when a company is shaky they offer a high interest rate
Most of the time you see a height interest rate then you should know that you at taking a greater risk
Bajans will get back their money but over a longer period and at a lower interest rate
Just like the overseas creditors
I had a good thing going with BNB, then Owen sell it lock suck and barrel to T&T , who in turn just “pay me out”. Leave me out in the desert to dry.
You had ur eggs in one basket?
Still wid ICBL who just pay “chicken-feed”.
I pretty much settled, but I still trying. As the saying goes , wid MONEY there is never enough.
I will never forget this moment and who has done it to me.
I could be dead in fifteen years and never get a penny. Thank you Mia.
Karl
you can be dead and never see a penny.
you could have died yesterday and still don’t see a penny
you could have died anytime before may 24th and still don’t see a penny.
Dlp could have been in power now and you still don’t see a penny.
I hope you don’t die before you get back all that will be due to you
alex.
1 or two percent may be chicken feed but may be a safer investment than high interest paying investments