Bridgetown.
Barbadians have snapped up $40million of of a $100 million bond for the Barbados Agricultural Management Company.
Trakker News has learnt that within 72 hours of the Barbados National Bank(BNB) Finance &Trust launching the bonds, almost half of them were sold.
Tessa Pickering,manager of the BNB Finance &Trust told Trakker News, that the response was significant, because the bonds were issued when Barbadians investors were still nervous as a result of the still unresolved CLICO and British American Insurance Company fallout.
Pickering noted that Barbadians traditionally opted for investment vechicles like Government bonds and debentures, or buy shares and hold on to them.
"Potential investors care about who the issuer is, people feel more comfortable because this bond is Government backed,"Pickering said.
