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Applications are invited for subscription to this Treasury Note opening for issue on April 7, 2022. The Treasury Note will be issued at par with a fixed interest rate of 4.25% per annum payable on July 6, October 6, January 6, and April 6 of each year. The interest due to Pensioners 60 years and over residing in Barbados will not be subject to withholding tax.
Non-residents seeking tax exemption must satisfy the Revenue Commissioner of their status before exemption is granted. However, for all persons resident in the island, the interest from these Treasury Notes will be taxed separately from other income at a rate not exceeding 15%. The Treasury Notes will be repayable at par in ten (10) equal installments commencing on January 6, 2025 with the final installment on April 6, 2027. The issue will remain open until the Central Bank advises that it has been fully subscribed.
Prospectuses and application forms may be obtained from the Central Bank of Barbados’ website at www.centralbank.org.bb Application forms should be addressed to the Director, Banking & Investments Department, Central Bank of Barbados, Tom Adams Financial Centre, P.O. Box1016, Bridgetown.
April 7, 2022