Government clarifies plans to buy back bonds

Government has moved to clarify plans to buy back Government paper as part of its debt-for-climate swap. Minister in the Ministry of Finance, Ryan Straughn, moved a resolution to start the process yesterday, which will involve Government buying back 600 million dollars in debt. In another section of the media, it was reported the holders of series B and D bonds would be repaid in full as a result. However, Mr. Straughn notes that report shared ahead of the planned reverse auction on Friday, is inaccurate. Subscribe to CBC News: cbcbarbados Connect with the CBC News Barbados Website: https://www.cbc.bb/ Facebook: https://www.facebook.com/CBCNews.bb/ Instagram: https://www.instagram.com/cbcnewsbarb... Twitter: https://twitter.com/CBCBARBADOS #CBCTV8 #CBCNewsNight #ThisIsWhoWeAre