Tenders are invited for the issue of Barbados Government Treasury Bills.
These Bills are being issued for a period of 91 and 182 days, and will be issued on Wednesday, January 17, 2024. They will be payable at par on Wednesday, April 17, and Wednesday, July 17, 2024, respectively.
Starting this month, a non-competitive window will be introduced for individual bidders. This process is optional and will allow individuals to submit a bid for the amount and tenor of Treasury Bills that they wish to purchase, without specifying a tender rate, that is, the amount which will be given for every $100 of the amount tendered.
The minimum bid amount is $1,000.00. Individuals who choose to utilise the non-competitive window may be allocated the amount tendered at a rate that is the average of the successful competitive bidders.
All other tenders, including from individuals who choose not to utilise the non-competitive window, must be for an amount not less than $1,000 and must specify the amount which will be given for every $100 of the amount tendered.
The interest rate last issue (91 days) is 2.42 per cent and the average tender rate (91 days) is $99.40. Bills will be issued in denominations appropriate to the amount requested in the tender.
Application forms are available at the Treasury Department, or online at https://treasury.gov.bb/content/forms. When completed, forms should be emailed to treasury.bills@barbados.gov.bb, or forwarded to the Treasury Department in sealed envelopes addressed: Confidential, TREASURY BILL TENDER, The Accountant General, The Treasury Department, 1st Floor NHC Building, Country Road, St. Michael.
All applications must reach the Treasury by 1:30 p.m. on Thursday, January 11, 2024. Successful applicants will be notified by letter by Monday, January 15, 2024.
You may also download the FAQs on the new Non-Competitive Window for Treasury Bills by clicking here.