September 11, 2018 |
Barbados' Ministry of Finance has launched a debt exchange offer for the "vast majority" of the island's local currency debt for new instruments to be issued by the government.
Affected debt includes:- Treasury bills- Treasury notes- debentures- loans and bonds owed by the government, state-owned enterprises and entities that receive funds from the state budget and- certain arrears owed by the government and public sector
Savings bonds do not fall within this exchange offer, the island's finance
Caribbean island launches offer to exchange the "vast majority" of its local currency debt, uses recent IMF agreement as support