Treasury Bills Issue 1015

Tenders are invited for the issue of Barbados Government Treasury Bills. 

These Bills are being issued for a period of ninety-one and one-hundred and eighty-two days.  They will be issued on Wednesday, December 11, 2024 and payable at par on Wednesday, March 12, 2025 and Wednesday, June 11, 2025 respectively. 

A non-competitive window has been introduced for individual bidders. This mechanism is optional and will allow individuals to submit a bid for the amount and tenor of Treasury Bills that they wish to purchase, without specifying a tender rate, i.e. the amount which will be given for every ONE HUNDRED DOLLARS of the amount tendered. The minimum bid amount is $1,000.00. Individuals who opt to utilize the non-competitive window may be allocated the amount tendered at a rate that is the average of the successful competitive bidders. 

All other tenders, including individuals who chose not to utilize the non-competitive window, must be for an amount of not less than $1,000 and must specify the amount which will be given for every ONE HUNDRED DOLLARS of the amount tendered. 

Bills will be issued in denominations appropriate to the amount requested in the tender. 

Application forms are available at the Treasury Department or online at https://treasury.gov.bb/content/forms.  When completed, forms should be emailed to treasury.bills@barbados.gov.bb or forwarded to the Treasury Department in sealed envelopes addressed;

Confidential

TREASURY BILL TENDER 

The Accountant General 

The Treasury Department 

1st Flr NHC Building 

Country Road, St. Michael  

All applications must reach the Treasury not later than 1:30 p.m. on Thursday, December 5, 2024. 

Successful applicants will be notified by letter, not later than Monday, December 9, 2024. 

The Government of Barbados reserves the right to accept or reject any tender in whole or in part. 

Interest Rate Last Issue (91 days) – 1.99% 

Average Tender Rate (91 days) – 99.51