• Today
    August 20

  • 01:50 PM

Investors to lose

SHAWN CUMBERBATCH, shawncumberbatch@nationnews.com

Added 19 September 2018


Central Bank Governor Cleviston Haynes addressing this morning’s breakfast media briefing. (Picture by Ricardo Leacock.)

Scores of Barbadians will earn less money on their investments as Government’s promised debt restructuring kicks in.

But representatives from Government’s Economic Team, including Central Bank Governor Cleviston Haynes, said there was no alternative as the debt burden was unsustainable.

Details of the debt exchange were given this morning during a breakfast media briefing at the Courtney Blackman Grande Salle. It was hosted by the Central Bank.

Haynes told media representatives that while investors holding Government investments bonds would retain their investment principal, they would have to make do with reduced interest payments, and over a longer period. Savings bonds have not been included in the debt restructuring.

The exchange offer for Barbados dollar denominated debt was launched on September 7 and individual and institutional holders of the securities have until 5 p.m. on October 5 to accept Government’s terms. (SC)


Dos and Donts

Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus


Do you think that marijuana should be legalised only for medical and scientific purposes?