In October 2019, Barbados concluded restructuring negotiations with a creditor group including investments funds Eaton Vance Management, Greylock Capital Management, Teachers Advisors and Guyana Bank for Trade and Industry. Creditors will exchange existing bonds for a new debt series maturing in 2029. The new bonds involve a principal "haircut" of approximately 26% and include a clause allowing for deferment of principal and capitalization of interest in the event of a natural disaster.