SSB Proposes to Lend Caribbean Tires $7M

The Social Security Board has published a public notice of investment informing that it proposes to lend seven million dollars to Caribbean Tire Wholesale Limited. The purpose of the loan is for capital expenditure and cash flow replacement.  It will have a term of fifteen years and an annual interest rate of six-point-five percent, payable in monthly installments.  Viewers would recall that on previous occasions public outcry prevented S.S.B. from lending monies to pharmaceutical and liquor companies.  Anyone wishing to express concerns may send copies of this notice along with comments via email to info@socialsecurity.org.bz