Barbados AnnouncesSettlement Of Exchange Offer For US Dollar-Denominated Commercial Debt

• On 11 December 2019, the Government of Barbados (the “Government”) announced the successful issuance of new 6.500% Bonds due 2029 (the “2029 Bonds”) and new 6.500% Bonds due 2021 (the “PDI Bonds”) in connection with the settlement of the invitations and consent solicitations.
• The exchange of all eligible claims for the 2029 Bonds and the PDI Bonds plus cash consideration became binding on all holders, including non-participating holders, as a result of extraordinary resolutions passed for the relevant series of eligible claims or, for certain instruments, due to the unanimous agreement of all relevant holders.  
• The aggregate principal amount of 2029 Bonds issued was the U.S.$530,595,100.00 and the aggregate principal amount of PDI Bonds issued was U.S.$32,481,500.00.  

(Source: Barbados: GIS)