October 23, 2018 |
Barbados' government has closed an exchange offer period for the local currency portion of its debt, receiving nearly full acceptance under the offer's terms by creditors.
Mia Mottley's Barbados Labor Party also confirmed it would issue new debt under the previously announced exchange offer.
The exchange offer comprises all Bajan dollar treasury bills, treasury notes, debentures, loans, certain government arrears and debt owned by state-owned enterprises. The outstanding securities include:- BAR
Caribbean sovereign says it received nearly full acceptance for Bajan dollar swap