Haynes: Investors slow to buy Government bonds

Barbadian investors have not fully regained their appetite for Government bonds after losing millions of dollars in the 2018 domestic debt restructuring.

Central Bank Governor Cleviston Haynes reported this on Wednesday during the review of the economy.

He said that with Government’s new $125 million treasury note on the market since November 22 last year, only about 25 per cent of the securities, which is about $31.2 million, was bought by some financial institutions and individuals.

Haynes said in his institution’s 2021 economic review that this initial take-up “was modest, reflecting ongoing concern of investors”. (SC)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.


Leave a Reply