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The Central Bank of Barbados will open for public subscription Barbados Optional Savings Bonds Plus 202301 on Monday June 26, 2023 and with a first issue date of July 1, 2023. The Barbados Optional Savings Bonds Plus 202301 will be issued at par with a fixed interest rate of 4.50% per annum payable on October 31 and April 30 of each year. The bonds will mature five years after the first of the month in which payment was made.
The issue will be for a nominal sum of BDS$200,000,000, with a minimum purchase of $500 and in multiples of one hundred dollars thereafter. The Bonds may be redeemed at par by the bond holder twenty-four (24) months after the date of payment. The issue will remain open until the Central Bank advises that it has been fully subscribed.