A significant investment of 100 million dollars in Boss Plus Bonds by a local commercial bank is being described as a major show of confidence in the island’s capital markets and the wider economy.
The assessment from Central Bank Governor Dr. Kevin Greenidge, as CIBC FirstCaribbean International Bank officially acquired the bonds during a formal signing ceremony in the Governor’s office at the Bank this morning.
The signing was attended by senior banking officials from both the central bank and CIBC FirstCaribbean International Bank.
Dr. Greenidge has also revealed that the investment by CIBC FirstCaribbean has significantly reduced what is left of the initial 200 million bond issuance, with only about 10 million still not yet subscribed.
He is urging ordinary Barbadians to also get on board, as the bonds represent a safe investment.
Managing director for Barbados and the Eastern Caribbean of CIBC FirstCaribbean , Donna Wellington, says the Bank is pleased with the direction the island’s economy is going, noting that it was a factor in their decision to make the major investment.
About The Author
More Stories
Tight security for T20 Cricket World Cup
Windies ICC T-20 World Cup squad announced
Blackman hopes to punch above his weight