Bondholders have started to receive early refunds of securities restructured in 2018.
Today, the Central Bank of Barbados confirmed the start of repayments to certain categories of Series B bondholders, up to $17, 500. Also, the Bank assured customers querying the status of their payment advice, updated statements, and cash flow schedules that they will receive them soon.
The Series B bonds were to mature by 2033. However, the government announced in its 2023 budget that it would make an unscheduled partial principal prepayment of up to $17, 500 to eligible Series B bondholders by the end of April because of a better-than-anticipated outturn in the fiscal year 2022-2023.
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