P.M. Confirms No Sales to Institutions

Dean Barrow

What about word of a proposed offering to a Barbados-based outfit?  PM Barrow says there has been no such proposition.

Prime Minister Dean Barrow

“There’s been no such approach.  Remember I am telling you that Ambassador Espat who was going to be the point man in all this would have been talking to people, feeling out the climate to see whether there would have been an appetite and there is no doubt that there is such an appetite, but I am telling you now that that’s being stopped in its track because people from inside my own party, and I sympathize with the position, even though we are strapped for cash, even though there are these huge legacy debts that have been growing that we want to service, I am persuaded that the public would not look too kindly on any sale of shares to institutional investors, be they local and especially if they are foreign.  So you can take it from me that if any notion of doing that is currently at an end.”