Bondholders receive early repayments of Restructured Securities

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 advice, updated statements, and cash flow 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 the end of April because of a better-than-anticipated outturn in the fiscal year 2022-2023.