{
  "research_question": "When does Barbados debt have to be paid?",
  "research_date": "2026-10-04",
  "scope": "Central government primarily; separate source scopes retained",
  "snapshot_warning": "Mixed source vintages. No complete October 2026 contractual stock calendar is asserted.",
  "sources": {
    "S1": {
      "title": "Barbados 2026 IMF Country Report 26/155",
      "url": "https://www.imf.org/-/media/files/publications/cr/2026/english/1brbea2026001.pdf",
      "locator": "Table 2a p 37; Table 3 p 39; Annex II Table 2 p 57; paragraphs 11 23 24 39 and 46"
    },
    "S2": {
      "title": "Revised Draft Estimates 2026–2027",
      "url": "https://www.barbadosparliament.com/uploads/document/c3d84654bac93d67233f441ee5749877.pdf",
      "locator": "Head 19 Treasury, programme 111, printed pp 430–432; summary Table 8; Appendix C PDF pp 769–783, statement dated 31 December 2025"
    },
    "S3": {
      "title": "Senate Minutes 25 June 2025",
      "url": "https://www.barbadosparliament.com/uploads/sittings/attachments/8b3fa250a5a265b59b11306277e1dbb9.pdf",
      "locator": "Approved USD500 million note terms, printed p 3"
    },
    "S4": {
      "title": "CBB Review January–June 2025",
      "url": "https://cdn.centralbank.org.bb/documents/2025-07-25-12-08-55-Review-of-Barbados-Economy-January-June-2025.pdf",
      "locator": "Debt and Financing p 15; Annex 2 pp 26–27"
    },
    "S5": {
      "title": "CBB USD Treasury Note 2026 offer",
      "url": "https://www.centralbank.org.bb/news/general-press-release/3-0-government-of-barbados-usd-denominated-domestic-bond-2026",
      "locator": "28 May 2025 announcement"
    },
    "S6": {
      "title": "CBB Treasury Bills Issue 1042",
      "url": "https://www.centralbank.org.bb/news/general-press-release/treasury-bills-issue-1042",
      "locator": "27 August 2026 notice"
    },
    "S7": {
      "title": "CBB Debenture 2045 offer",
      "url": "https://www.centralbank.org.bb/news/general-press-release/7-75-barbados-government-debenture-2045",
      "locator": "19 December 2025 announcement"
    },
    "S8": {
      "title": "CBB Debenture 2044 offer",
      "url": "https://www.centralbank.org.bb/news/general-press-release/7-75-barbados-government-debenture-2044",
      "locator": "27 November 2024 announcement"
    },
    "S9": {
      "title": "CBB and BSE Tradeable Bonds FAQ",
      "url": "https://cdn.centralbank.org.bb/documents/2022-04-21-04-57-32-Government-of-Barbados-Tradeable-Bonds-FAQ-1.pdf",
      "locator": "PDF p 5 links to original cashflow templates"
    },
    "S10": {
      "title": "Medium Term Debt Strategy 2024/25–2026/27",
      "url": "https://www.barbadosparliament.com/uploads/sittings/attachments/7d9e49e612bc11e5ffa2d83cce63e749.pdf",
      "locator": "Table 2 pp 13–14; redemption profile pp 15–16"
    },
    "S11": {
      "title": "Banco Santander export finance resolution",
      "url": "https://www.barbadosparliament.com/uploads/bill_resolution/3d2764cd2d162d89aba61dc863b28b6c.pdf",
      "locator": "Schedule pp 3–4; bill archive 919 shows House passage 29 May 2026, Senate stage"
    },
    "S12": {
      "title": "Government final tender results 23 June 2025",
      "url": "https://www.globenewswire.com/news-release/2025/06/23/3103495/0/en/The-Government-of-Barbados-Announces-the-Final-Results-of-its-Offer-to-Purchase-for-Cash-its-6-500-Notes-due-2029.html",
      "locator": "Final Results and footnotes; announcement conditional on settlement"
    },
    "S13": {
      "title": "CBB Series B early repayments",
      "url": "https://www.centralbank.org.bb/news/general-press-release/bondholders-receive-early-repayments-of-restructured-securities",
      "locator": "21 April 2023 announcement"
    },
    "S14": {
      "title": "CBB Treasury Note 202101 official prospectus",
      "url": "https://cdn.centralbank.org.bb/documents/2021-12-09-07-28-16-Prospectus--Barbados-Government--4.25-percent-Treasury-Notes-2026.pdf",
      "locator": "PDF pp 3–4; BDS payment instructions; ten equal principal instalments from 31 August 2024"
    },
    "S15": {
      "title": "CBB Review January to September 2025",
      "url": "https://cdn.centralbank.org.bb/documents/2025-10-30-12-18-46-September2025PressReleaseFinal-as-at-29th-October-2025-Final-v4.pdf",
      "locator": "Debt and financing section; modest USD bond receipts; 2044 debenture fully subscribed by July 2025"
    },
    "S16": {
      "title": "Barbados 2019 exchange offering memorandum",
      "url": "https://dl.bourse.lu/dl?v=6h%2FK5GIwjIe2b281HK656kVqH3Vz6dmJwydd%2FgCNU%2F5kh3wSqdb9og%2FHVSKDG0Fcngy0OWT37l5jwbR%2FVJzahaKWsAg3vcnwz+6evU5ca1wcsFPYkxuOq5AtrtrKW9Gn1QWlziDyOgl5N4FGQxQE2PKRj4rJv3Yh9FgC+lDnNlE%3D",
      "locator": "2029 conditions 5–7 printed pp 86–88; April and October payments; amortisation and business-day rules"
    },
    "S17": {
      "title": "CBB BOSS Plus II offer",
      "url": "https://www.centralbank.org.bb/news/boss-plus-prospectus/4-50-barbados-optional-savings-scheme-plus-2028",
      "locator": "16 June 2023; maturity five years after first of purchase month; optional early redemption after 24 months"
    },
    "S18": {
      "title": "CBB second series of BOSS Plus bonds",
      "url": "https://www.centralbank.org.bb/news/general-press-release/central-bank-of-barbados-issues-second-series-of-boss-bonds",
      "locator": "29 June 2023; CIBC BBD100m purchase and individual-investor BBD22m March 2023 snapshot"
    },
    "S19": {
      "title": "Approved Estimates 2025–2026",
      "url": "https://www.barbadosparliament.com/uploads/document/db1e133e2325112062e20e5755ad8961.pdf",
      "locator": "Appendix C, statement dated 31 December 2024; PDF pp 771–781; printed p 437, PDF p 761 gives FY2023/24 actual expenditure"
    },
    "S20": {
      "title": "CBB Treasury Note 2027 offer",
      "url": "https://www.centralbank.org.bb/news/treasury-note/issue-of-125-000-000-barbados-government-4-25-treasury-note-2027",
      "locator": "7 April 2022; ten equal principal instalments from 6 January 2025 through 6 April 2027"
    },
    "S21": {
      "title": "CBB Debenture 2044 prospectus",
      "url": "https://cdn.centralbank.org.bb/documents/2025-02-03-12-23-51-Prospectus7.75Debenture2044Edit.pdf",
      "locator": "PDF pp 3–4; 40 equal instalments from 28 February 2035 through November 2044; conditional natural-disaster and pandemic deferment on p 4"
    },
    "S22": {
      "title": "Parliament Estimates index",
      "url": "https://www.barbadosparliament.com/document/listall/3",
      "locator": "2026 revised draft posted 26 February 2026; 2025 approved estimates posted 18 August 2025; checked 4 October 2026"
    },
    "S23": {
      "title": "CBB Treasury Bills Schedule",
      "url": "https://www.centralbank.org.bb/treasury-bills-schedule",
      "locator": "2025–2026 issue schedule; includes 91, 182 and 364 day bills; accessed 4 October 2026"
    },
    "S24": {
      "title": "CBB Annual Report 2023",
      "url": "https://www.barbadosparliament.com/uploads/sittings/attachments/feaab7da0080399736d35a378b1dcb7a.pdf",
      "locator": "Note 7 printed p 80 and local securities printed p 99; amounts in BBD thousands"
    },
    "S25": {
      "title": "Domestic debt restructuring instrument schedule 2018",
      "url": "https://www.barbadosparliament.com/uploads/bill_resolution/f8330e9578edd3ba1d1fb59ab0b72832.pdf",
      "locator": "Series H printed p 15; bullet structure and perpetual rolling"
    },
    "S26": {
      "title": "Medium Term Fiscal Framework 2025/26 to 2027/28",
      "url": "https://www.barbadosparliament.com/uploads/sittings/attachments/bd18f5d233c861ff6769326a79b272f7.pdf",
      "locator": "Printed p 33; FY2023/24 amortisation discussion; the counterbalanced passage is in this framework, not the March 2024 MTDS"
    },
    "S27": {
      "title": "Approved Estimates 2023–2024",
      "url": "https://www.barbadosparliament.com/uploads/document/5c432e58d8b306100f43a73e0ed889e5.pdf",
      "locator": "Printed p 406, PDF p 723; programme 0116 object 854"
    },
    "S28": {
      "title": "Barbados IMF Fifth Review staff report CR 25/153",
      "url": "https://www.imf.org/-/media/files/publications/cr/2025/english/1brbea2025001-print-pdf.pdf",
      "locator": "June 2025, paragraph 19, printed p 17, PDF p 20; BBD245m subscriptions to BBD250m 20-year debenture largely from NISSS, and to a lesser extent private pension funds; issue in FY2024/25"
    }
  },
  "budget_inputs": [
    {
      "programme": "0116",
      "name": "Debentures and Treasury notes",
      "sector": "domestic",
      "principal_bbd": [
        460045402,
        549939207,
        610016975
      ],
      "interest_bbd": [
        340461013,
        325605752,
        326300660
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0118",
      "name": "Local commercial bank loans",
      "sector": "domestic",
      "principal_bbd": [
        12209900,
        12209900,
        12209900
      ],
      "interest_bbd": [
        23727526,
        23330704,
        22933882
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0123",
      "name": "Government savings bonds",
      "sector": "domestic",
      "principal_bbd": [
        5000000,
        0,
        0
      ],
      "interest_bbd": [
        1089000,
        0,
        0
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0124",
      "name": "Tax refund certificates",
      "sector": "domestic",
      "principal_bbd": [
        5000,
        5000,
        5000
      ],
      "interest_bbd": [
        1000,
        1000,
        1000
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0125",
      "name": "Tax reserve certificates",
      "sector": "domestic",
      "principal_bbd": [
        1000,
        1000,
        1000
      ],
      "interest_bbd": [
        1000,
        1000,
        1000
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0128",
      "name": "Other local debt",
      "sector": "domestic",
      "principal_bbd": [
        1661193,
        1711720,
        1763784
      ],
      "interest_bbd": [
        479078,
        428551,
        376488
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0210",
      "name": "Other debt BAICO",
      "sector": "domestic",
      "principal_bbd": [
        0,
        0,
        23300000
      ],
      "interest_bbd": [
        4639251,
        4639251,
        22696751
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0114",
      "name": "Treasury bills",
      "sector": "domestic",
      "principal_bbd": [
        null,
        null,
        null
      ],
      "interest_bbd": [
        15313924,
        15313924,
        15313924
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0115",
      "name": "Ways and means",
      "sector": "domestic",
      "principal_bbd": [
        null,
        null,
        null
      ],
      "interest_bbd": [
        6000000,
        6000000,
        6000000
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0119",
      "name": "International financial institutions",
      "sector": "external",
      "principal_bbd": [
        189482199,
        218186049,
        282349400
      ],
      "interest_bbd": [
        209128670,
        202325244,
        195474433
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0120",
      "name": "Governments and governmental agencies",
      "sector": "external",
      "principal_bbd": [
        36503370,
        50457092,
        43365652
      ],
      "interest_bbd": [
        15952746,
        18436959,
        19847413
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0126",
      "name": "Foreign debentures",
      "sector": "external",
      "principal_bbd": [
        31333636,
        31333636,
        31333636
      ],
      "interest_bbd": [
        86619233,
        84582545,
        82545860
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    },
    {
      "programme": "0127",
      "name": "Other foreign commercial loans",
      "sector": "external",
      "principal_bbd": [
        45521039,
        46981988,
        42348784
      ],
      "interest_bbd": [
        11158060,
        15356042,
        18760114
      ],
      "fiscal_years": [
        "2026/27",
        "2027/28",
        "2028/29"
      ],
      "source_id": "S2",
      "missing_vs_zero": "Null principal for Treasury bills and ways-and-means means no principal provision in these lines, not zero contractual maturity"
    }
  ],
  "budget_calendar": [
    {
      "fiscal_year": "2026/27",
      "domestic_principal_bbd": 478922495,
      "external_principal_bbd": 302840244,
      "principal_total_bbd": 781762739,
      "interest_bbd": 714570501,
      "principal_plus_interest_bbd": 1496333240,
      "source_id": "S2",
      "status": "calculated from budget provisions",
      "exclude": "Treasury bill and ways-and-means principal; loan expenses and sinking fund transfers"
    },
    {
      "fiscal_year": "2027/28",
      "domestic_principal_bbd": 563866827,
      "external_principal_bbd": 346958765,
      "principal_total_bbd": 910825592,
      "interest_bbd": 696020972,
      "principal_plus_interest_bbd": 1606846564,
      "source_id": "S2",
      "status": "calculated from budget provisions",
      "exclude": "Treasury bill and ways-and-means principal; loan expenses and sinking fund transfers"
    },
    {
      "fiscal_year": "2028/29",
      "domestic_principal_bbd": 647296659,
      "external_principal_bbd": 399397472,
      "principal_total_bbd": 1046694131,
      "interest_bbd": 710251525,
      "principal_plus_interest_bbd": 1756945656,
      "source_id": "S2",
      "status": "calculated from budget provisions",
      "exclude": "Treasury bill and ways-and-means principal; loan expenses and sinking fund transfers"
    }
  ],
  "imf_forecast": [
    {
      "fiscal_year": "2026/27",
      "cg_external_amortization_bbd_m": 299,
      "cg_interest_bbd_m": 708,
      "source_id": "S1",
      "locator": "Table 2a p 37",
      "status": "reported projection",
      "warning": "Interest covers all CG debt; it cannot be added to external principal to represent total debt service"
    },
    {
      "fiscal_year": "2027/28",
      "cg_external_amortization_bbd_m": 329,
      "cg_interest_bbd_m": 717,
      "source_id": "S1",
      "locator": "Table 2a p 37",
      "status": "reported projection",
      "warning": "Interest covers all CG debt; it cannot be added to external principal to represent total debt service"
    },
    {
      "fiscal_year": "2028/29",
      "cg_external_amortization_bbd_m": 413,
      "cg_interest_bbd_m": 764,
      "source_id": "S1",
      "locator": "Table 2a p 37",
      "status": "reported projection",
      "warning": "Interest covers all CG debt; it cannot be added to external principal to represent total debt service"
    },
    {
      "fiscal_year": "2029/30",
      "cg_external_amortization_bbd_m": 428,
      "cg_interest_bbd_m": 773,
      "source_id": "S1",
      "locator": "Table 2a p 37",
      "status": "reported projection",
      "warning": "Interest covers all CG debt; it cannot be added to external principal to represent total debt service"
    },
    {
      "fiscal_year": "2030/31",
      "cg_external_amortization_bbd_m": 497,
      "cg_interest_bbd_m": 780,
      "source_id": "S1",
      "locator": "Table 2a p 37",
      "status": "reported projection",
      "warning": "Interest covers all CG debt; it cannot be added to external principal to represent total debt service"
    },
    {
      "fiscal_year": "2031/32",
      "cg_external_amortization_bbd_m": 528,
      "cg_interest_bbd_m": 787,
      "source_id": "S1",
      "locator": "Table 2a p 37",
      "status": "reported projection",
      "warning": "Interest covers all CG debt; it cannot be added to external principal to represent total debt service"
    }
  ],
  "original_domestic_templates": [
    {
      "series": "B",
      "source_url": "https://bse.com.bb/wp-content/uploads/2019/05/SERIES-B-CASHFLOW-SCHEDULE-DEBT-EXCHANGE.xlsx",
      "sheet": "Sheet1",
      "currency": "BBD",
      "basis": "per BBD100 original exchanged principal; source BBD1 billion is a model base, NOT actual issuance",
      "first_principal_date": "2022-12-31",
      "final_principal_date": "2033-09-30",
      "status": "original template normalized by calculation; unadjusted for prepayments or conversions",
      "principal_by_calendar_year_per_100_original": {
        "2018": 0.0,
        "2019": 0.0,
        "2020": 0.0,
        "2021": 0.0,
        "2022": 1.8725,
        "2023": 7.5625,
        "2024": 7.8525,
        "2025": 8.1475,
        "2026": 8.46,
        "2027": 8.782499999999999,
        "2028": 9.114999999999998,
        "2029": 9.4575,
        "2030": 9.815000000000001,
        "2031": 10.195,
        "2032": 10.58,
        "2033": 8.16
      },
      "payments": [
        {
          "date": "2018-12-31",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 3
        },
        {
          "date": "2019-03-31",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 4
        },
        {
          "date": "2019-06-30",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 5
        },
        {
          "date": "2019-09-30",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 6
        },
        {
          "date": "2019-12-31",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 7
        },
        {
          "date": "2020-03-31",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 8
        },
        {
          "date": "2020-06-30",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 9
        },
        {
          "date": "2020-09-30",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 10
        },
        {
          "date": "2020-12-31",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 11
        },
        {
          "date": "2021-03-31",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 12
        },
        {
          "date": "2021-06-30",
          "principal_per_100_original": 0.0,
          "interest_per_100_original": 0.25,
          "coupon_percent": 1,
          "source_row": 13
        },
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          "interest_per_100_original": 0.0,
          "coupon_percent": 0,
          "source_row": 48
        },
        {
          "date": "2022-08-31",
          "principal_per_100_original": 2.380952381,
          "interest_per_100_original": 0.0,
          "coupon_percent": 0,
          "source_row": 49
        },
        {
          "date": "2022-09-30",
          "principal_per_100_original": 2.380952379,
          "interest_per_100_original": 0.0,
          "coupon_percent": 0,
          "source_row": 50
        }
      ],
      "source_anomaly": "One historic source date is entered with year 3018 and excluded by the date filter. Principal still sums to BBD100; historical interest coverage should not be assumed complete."
    }
  ],
  "eurobond_2035": {
    "currency": "USD",
    "original_issue_usd_m": 500,
    "coupon_percent": 8,
    "source_ids": [
      "S3",
      "S4"
    ],
    "first_principal_date": "2030-12-26",
    "final_maturity_date": "2035-06-26",
    "status": "calculated equal-instalment original terms; not confirmation of unchanged October 2026 outstanding",
    "conditions": "No buyback, further issuance, or disaster/pandemic deferral assumed. Scheduled interest on opening balance. Business-day adjustments excluded.",
    "schedule": [
      {
        "date": "2025-12-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2026-06-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2026-12-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2027-06-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2027-12-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2028-06-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2028-12-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2029-06-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2029-12-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2030-06-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 0.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 20.0
      },
      {
        "date": "2030-12-26",
        "opening_principal_usd_m": 500.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 20.0,
        "debt_service_usd_m": 70.0
      },
      {
        "date": "2031-06-26",
        "opening_principal_usd_m": 450.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 18.0,
        "debt_service_usd_m": 68.0
      },
      {
        "date": "2031-12-26",
        "opening_principal_usd_m": 400.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 16.0,
        "debt_service_usd_m": 66.0
      },
      {
        "date": "2032-06-26",
        "opening_principal_usd_m": 350.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 14.0,
        "debt_service_usd_m": 64.0
      },
      {
        "date": "2032-12-26",
        "opening_principal_usd_m": 300.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 12.0,
        "debt_service_usd_m": 62.0
      },
      {
        "date": "2033-06-26",
        "opening_principal_usd_m": 250.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 10.0,
        "debt_service_usd_m": 60.0
      },
      {
        "date": "2033-12-26",
        "opening_principal_usd_m": 200.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 8.0,
        "debt_service_usd_m": 58.0
      },
      {
        "date": "2034-06-26",
        "opening_principal_usd_m": 150.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 6.0,
        "debt_service_usd_m": 56.0
      },
      {
        "date": "2034-12-26",
        "opening_principal_usd_m": 100.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 4.0,
        "debt_service_usd_m": 54.0
      },
      {
        "date": "2035-06-26",
        "opening_principal_usd_m": 50.0,
        "principal_usd_m": 50.0,
        "interest_usd_m": 2.0,
        "debt_service_usd_m": 52.0
      }
    ],
    "reported_outstanding_snapshot": {
      "date": "2025-12-31",
      "usd": 500000000,
      "bbd": 1000000000,
      "source_id": "S2",
      "pdf_page": 774
    }
  },
  "public_offers": [
    {
      "instrument": "USD Treasury Note 202501",
      "market_label": "domestic per CBB",
      "currency": "USD",
      "issue_size_cap": 100000000,
      "actual_outstanding": null,
      "maturity_date": "2026-11-30",
      "coupon_percent": 3,
      "source_id": "S5",
      "take_up_qualifier": {
        "source_id": "S15",
        "period": "January–September 2025 review",
        "statement": "receipts remained modest",
        "actual_amount": null
      },
      "reported_outstanding_snapshot": {
        "date": "2025-12-31",
        "bbd": 646000,
        "source_id": "S2",
        "pdf_page": 769
      }
    },
    {
      "instrument": "Debenture 202601",
      "currency": "BBD",
      "issue_size_cap": 100000000,
      "actual_outstanding": null,
      "first_principal_date": "2036-03-31",
      "maturity_date": "2045-12-31",
      "instalments": 40,
      "principal_per_100_per_instalment": 2.5,
      "coupon_percent": 7.75,
      "source_id": "S7"
    },
    {
      "instrument": "Debenture 202401",
      "currency": "BBD",
      "issue_size_cap": 250000000,
      "actual_outstanding": null,
      "tenor_years": 20,
      "principal_grace_years": 10,
      "instalments": 40,
      "coupon_percent": 7.75,
      "source_id": "S8",
      "subscription_report": {
        "source_id": "S15",
        "statement": "fully subscribed by end July 2025",
        "current_outstanding": null
      },
      "reported_outstanding_snapshot": {
        "date": "2025-12-31",
        "bbd": 250000000,
        "source_id": "S2",
        "pdf_page": 769
      }
    },
    {
      "instrument": "Treasury Note 202101",
      "currency": "BBD",
      "currency_evidence": "Official prospectus payment instructions specify BDS dollars",
      "issue_size_cap": 125000000,
      "actual_outstanding": null,
      "coupon_percent": 4.25,
      "first_principal_date": "2024-08-31",
      "instalments": 10,
      "principal_per_100_per_instalment": 10,
      "calculated_quarterly_schedule": [
        {
          "date": "2024-08-31",
          "principal_per_100_original": 10
        },
        {
          "date": "2024-11-30",
          "principal_per_100_original": 10
        },
        {
          "date": "2025-02-28",
          "principal_per_100_original": 10
        },
        {
          "date": "2025-05-31",
          "principal_per_100_original": 10
        },
        {
          "date": "2025-08-31",
          "principal_per_100_original": 10
        },
        {
          "date": "2025-11-30",
          "principal_per_100_original": 10
        },
        {
          "date": "2026-02-28",
          "principal_per_100_original": 10
        },
        {
          "date": "2026-05-31",
          "principal_per_100_original": 10
        },
        {
          "date": "2026-08-31",
          "principal_per_100_original": 10
        },
        {
          "date": "2026-11-30",
          "principal_per_100_original": 10
        }
      ],
      "source_id": "S14",
      "claim_level": "Reported first date and ten equal instalments; calculated subsequent quarterly dates",
      "warning": "Quarterly principal dates are reconstructed on the stated quarterly coupon cycle; the prospectus does not enumerate every principal date. November 2026 is only the final 10% instalment on that reconstruction, not the BBD125m offer cap.",
      "reported_outstanding_snapshot": {
        "date": "2025-12-31",
        "bbd": 50000000,
        "source_id": "S2",
        "pdf_page": 769
      }
    }
  ],
  "bill_example": {
    "issue": 1042,
    "announced_issue_date": "2026-09-09",
    "tenor_days": [
      91,
      182
    ],
    "maturity_dates": [
      "2026-12-09",
      "2027-03-10"
    ],
    "awarded_amounts": null,
    "source_id": "S6",
    "status": "announced terms; not proof of actual accepted allotments"
  },
  "proposed_eur_facilities": {
    "source_id": "S11",
    "approved_house_date": "2026-05-29",
    "senate_completion_and_disbursement_verified": false,
    "loans": [
      {
        "currency": "EUR",
        "amount": 23553213,
        "term_years": 8,
        "semiannual_instalments": 16
      },
      {
        "currency": "EUR",
        "amount": 61001406,
        "term_years": 10,
        "semiannual_instalments": 20
      }
    ],
    "first_payment_date": null,
    "warning": "Do not invent commencement dates or value EUR at BBD2 per USD."
  },
  "missing_maturity_buckets": {
    "current_2026_10_04": {
      "<=1 year": null,
      ">1–3 years": null,
      ">3–5 years": null,
      ">5–10 years": null,
      ">10 years": null
    },
    "historical_2025_12_31": "See appendix_c_fixed_stock: partial cashflow ladder and separately labelled final maturity view"
  },
  "material_gaps": [
    "Current outstanding principal by bond strip and loan, net of buybacks and prepayments",
    "Five-year domestic gross principal schedule including Treasury bills",
    "Current original-currency loan payment dates and floating-rate interest assumptions",
    "IMF Annex II Table 2 stock date FY2025/26 conflicts with footnote existing stock FY2024/25",
    "Maturity share definition must specify final instrument maturity versus cashflow amortization",
    "Government debt classification differs across currency-based and market-labelled sources"
  ],
  "version": 6,
  "reviewed_inputs": [
    "Thinking_in_Threads_RQ3_Debt_Maturity.docx",
    "Thinking_in_Threads_RQ3_Review_of_GPT_v1.docx",
    "Barbados_Debt_Repayment_Research_v1.docx",
    "Barbados_Debt_Repayment_Data.json",
    "Barbados_Debt_Repayment_Research_v2.docx",
    "Barbados_Debt_Repayment_Data_v2.json",
    "Reviewer pass on v2 and Appendix C conventions supplied in chat",
    "Barbados_Debt_Repayment_Research_v3.docx",
    "Barbados_Debt_Repayment_Data_v3.json",
    "Thinking_in_Threads_RQ3_Review_of_v3.docx",
    "Barbados_Debt_Repayment_Research_v4.docx",
    "Barbados_Debt_Repayment_Data_v4.json",
    "Thinking_in_Threads_RQ3_Review_of_v4.docx",
    "Barbados_Debt_Repayment_Research_v5.docx",
    "Barbados_Debt_Repayment_Data_v5.json",
    "Reviewer v5 substantive sign-off and lede suggestion supplied in chat"
  ],
  "budget_growth_2026_27_to_2028_29_percent": {
    "principal_total_bbd": 33.888977,
    "domestic_principal_bbd": 35.156871,
    "external_principal_bbd": 31.883883
  },
  "budget_definition_bridge": {
    "source_id": "S2",
    "table6_debt_service_bbd": 1507916670,
    "principal_plus_interest_bbd": 1496333240,
    "loan_expenses_bbd": 11583430,
    "table8_recurrent_debt_service_bbd": 726153931,
    "press_headline_bbd_m": 1495.9,
    "press_headline_status": "earlier secondary account, not used to validate extraction",
    "note": "Table 6 includes principal, interest and loan expenses. Table 8 recurrent debt service excludes principal."
  },
  "imf_prepaid_repurchases": {
    "amount_sdr_m": 78,
    "due_through": "2028-03",
    "source_id": "S1",
    "locator": "paragraph 46",
    "claim_level": "R",
    "comparison_warning": "Explains lower near-term Fund obligations; a complete bridge of the older reconstruction to the latest all-creditor forecast is not established."
  },
  "imf_short_term_context": {
    "period": "end FY2025/26",
    "cg_domestic_short_term_bbd_m": 1158,
    "cg_domestic_debt_bbd_m": 9260,
    "calculated_share_percent": 12.5054,
    "source_id": "S1",
    "locator": "Table 3 p 39",
    "note": "Paragraph 24 separately describes bill issuance at 6% of GDP and short-term debt at 10% of domestic debt. Do not replace table stock with an estimate derived from these rounded statements, or label all short-term debt as Treasury bills.",
    "mt_ds_rolled_bills_inclusion_verified": null,
    "comparison_warning": "Table 3 does not separately identify the BBD495m rolled monetary-policy bills excluded from the March 2024 MTDS risk metrics. Inclusion and current value of that component are unverified. Different cutoffs and stock-versus-risk coverage prevent direct comparison or automatic subtraction.",
    "appendix_c_comparison": {
      "snapshot_date": "2025-12-31",
      "treasury_bills_bbd": 951350750,
      "temporary_borrowings_bbd": 207180000,
      "calculated_sum_bbd": 1158530750,
      "difference_from_imf_march_2026_rounded_bbd": 530750,
      "interpretation": "Direct dated support for bills-plus-temporary-borrowing definition; not an exact same-date reconciliation of March IMF Table 3 or paragraph 24",
      "bills_495m_separately_identified": false,
      "rolled_bills_inclusion_verified": null,
      "temporary_borrowing_authority_bbd": 242100000,
      "old_mtds_overdraft_limit_bbd": 220600000
    }
  },
  "publication_gap": {
    "source_ids": [
      "S1",
      "S2",
      "S19",
      "S22"
    ],
    "statement": "Instrument balances and selected repayment terms are published in Parliament-hosted Estimates appendices dated December 2024 and December 2025. CBB also publishes aggregate debt data.",
    "finding": "Dated PDF disclosure is dispersed and requires reconstruction; a common current, downloadable debt-management payment dataset was not located. No claim of deliberate withholding or absence of any public instrument data is supported.",
    "imf_limit": "Paragraph 39 refers specifically to the government website and fiscal/financing/debt data; do not equate it with no disclosure on any public site. Parliament hosts public instrument detail."
  },
  "financing_pipeline": {
    "source_id": "S1",
    "locator": "paragraphs 11 and 23",
    "non_paris_club_agreed_usd_m_approx": 400,
    "ifi_bert_projects_agreed_usd_m_approx": 300,
    "medium_term_market_issuance_programmed_usd_m": 300,
    "debt_for_social_swap": "planned",
    "note": "Agreements and plans are not dated repayments. May overlap specific facilities; do not add to existing stock schedules."
  },
  "old_2029_conditional_reconciliation": {
    "source_ids": [
      "S12",
      "S16",
      "S2"
    ],
    "post_tender_residual_usd": 67205250,
    "current_outstanding_usd": null,
    "pro_rata_remaining_instalment_usd": 7467250.0,
    "two_instalments_bbd": 29869000.0,
    "budget_foreign_debentures_principal_bbd": 31333636,
    "unexplained_annual_principal_bbd": 1464636.0,
    "conditional_residual_annual_interest_decline_bbd": 1941485.0,
    "budget_interest_decline_2027_28_bbd": 2036688,
    "status": "R for December balance; C for eight-instalment reconstruction; I for budget composition",
    "assumptions": "Tendered principal accepted and retired; original schedule continues pro rata for remaining notes; no additional buyback, deferral or arrears. Trustee confirmation is required.",
    "warning": "December 2025 stock is established; October 2026 balances and individual payment records are not. Budget coupon and annual principal residual remain unresolved.",
    "reported_balance_snapshot_date": "2025-12-31",
    "reported_balance_bbd": 119476000,
    "calculated_equivalent_usd": 59738000,
    "post_tender_less_one_instalment_usd": 59738000,
    "dated_stock_match_exact": true
  },
  "claims_to_test": [
    {
      "claim": "The FY2028/29 remainder increases by BBD271.1m",
      "challenge": "Compare FY2022/23–FY2024/25 0116 actuals after netting buybacks, prepayments and scheduled changes. Trace the September 2023 H reissue on the financing side. Both tests require instrument detail; neither the aggregate nor narrative omission establishes treatment. Map BOSS Plus II cohorts and future financing assumptions.",
      "plain_language": "We cannot yet match every bond repayment to a budget line."
    },
    {
      "claim": "The provisional strip cashflow model reflects remaining obligations",
      "challenge": "Verify each B/C/D strip allocation after prepayments, the D payment-date discrepancy, and loan instalment amounts; keep unallocated stock visible.",
      "plain_language": "Some repayment dates still depend on assumptions that need checking."
    },
    {
      "claim": "BBD1,416.2m or 9.5% of December stock is classified within one year",
      "challenge": "Verify exact bill allotments and ways-and-means terms, legacy rolled-bill inclusion and the same-date IMF breakdown. This is not the complete cash-flow share or the cash repayment budget.",
      "plain_language": "Short-term debt does not tell us how much government must settle in cash."
    },
    {
      "claim": "The 2029 residual continues on its original schedule",
      "challenge": "Match trustee payment records after December 2025 and reconcile the BBD1.465m annual budget principal difference.",
      "plain_language": "The December balance fits the old schedule; later payments still need verification."
    },
    {
      "claim": "A usable current instrument dataset was not found",
      "challenge": "Find later instrument snapshots or a structured payment dataset; test the annual appendix updates without inferring intent from format.",
      "plain_language": "The balances are published in annual PDFs, but a maintained payment dataset was not found."
    }
  ],
  "appendix_c_fixed_stock": {
    "snapshot_date": "2025-12-31",
    "source_id": "S2",
    "locator": "Appendix C PDF pp 769–783",
    "valuation": "Published BBD book/converted stock values retained. No October revaluation.",
    "reported_central_government_debt_bbd": 14916239137,
    "government_guarantees_bbd": 72020529,
    "central_government_arrears_bbd": 178451834,
    "reported_public_debt_bbd": 15166711500,
    "reported_category_balances_bbd": {
      "local_and_restructured": 6424528412,
      "external_bonds": 1119476000,
      "savings": 17757500,
      "bills": 951350750,
      "taxcert": 63350,
      "temp": 207180000,
      "BAICO": 100690000,
      "BOSS": 594560400,
      "specialloans": 1426049988,
      "BAMC": 575250,
      "CDB": 330642500,
      "IDB": 1938677261,
      "CAF": 504295181,
      "WB": 436299292,
      "IMFEFF": 473655467,
      "IMFRST": 390437786
    },
    "category_reconciliation_difference_bbd": 0,
    "row_reconciliation_difference_bbd": 0,
    "tolerance_bbd": 10,
    "tolerance_reason": "Small rounding differences between individual printed rows and reported subtotals; not an allowance for missing instruments",
    "inventory": [
      {
        "instrument_id": "AC001",
        "instrument": "Treasury Note 202101",
        "outstanding_bbd": 50000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 769,
        "original_currency": "BBD",
        "final_maturity_date": "2026-11-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S14 quarterly reconstruction; four BBD12.5m instalments reconcile the reported BBD50m balance",
        "cashflows": [
          {
            "date": "2026-02-28",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-05-31",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-08-31",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-11-30",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          }
        ],
        "source_row": "GOB 125M 4.25% Treasury Note 2026                       01-Dec-21    125,000,000       par       4.25%               50,000,000     30-Nov-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 50000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC002",
        "instrument": "Treasury Note 2027",
        "outstanding_bbd": 75000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 769,
        "original_currency": "BBD",
        "final_maturity_date": "2027-04-06",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S20 equal instalments on quarterly coupon cycle; BBD75m snapshot reconciles six remaining instalments",
        "cashflows": [
          {
            "date": "2026-01-06",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-04-06",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-07-06",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-10-06",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2027-01-06",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2027-04-06",
            "principal_bbd": 12500000.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          }
        ],
        "source_row": "GOB 125M 4.25% Treasury Note 2027                        07-Apr-22    125,000,000       par       4.25%               75,000,000      06-Apr-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 75000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC003",
        "instrument": "Debenture 202401",
        "outstanding_bbd": 250000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 769,
        "original_currency": "BBD",
        "final_maturity_date": "2044-11-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S21 40 equal instalments from 28 February 2035; quarterly dates reconstructed on stated coupon cycle",
        "cashflows": [
          {
            "date": "2035-02-28",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2035-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2035-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2035-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2036-02-29",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2036-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2036-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2036-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2037-02-28",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2037-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2037-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2037-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2038-02-28",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2038-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2038-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2038-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2039-02-28",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2039-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2039-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2039-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2040-02-29",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2040-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2040-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2040-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2041-02-28",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2041-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2041-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2041-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2042-02-28",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2042-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2042-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2042-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2043-02-28",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2043-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2043-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2043-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2044-02-29",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2044-05-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2044-08-31",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2044-11-30",
            "principal_bbd": 6250000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "GOB 250M 7.75% Debenture 2044                           02-Dec-24    250,000,000       par       7.75%              250,000,000     30-Nov-44",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 250000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC004",
        "instrument": "USD Treasury Note 202501",
        "outstanding_bbd": 646000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 769,
        "original_currency": "USD",
        "final_maturity_date": "2026-11-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S5 single redemption; dated balance BBD646,000 = USD323,000",
        "cashflows": [
          {
            "date": "2026-11-30",
            "principal_bbd": 646000.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          }
        ],
        "source_row": "GOB USD100.0M 3.0% Treasury Note 2026                   01-Jun-25    200,000,000       par       3.00%                 646,000     30-Nov-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 646000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC005",
        "instrument": "Series B",
        "outstanding_bbd": 176600452,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2026-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2026-03-31",
            "principal_bbd": 58866817.333333336,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-06-30",
            "principal_bbd": 58866817.333333336,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-09-30",
            "principal_bbd": 58866817.333333336,
            "bucket_as_at_2025_12_31": "<=1 year"
          }
        ],
        "source_row": "01-Oct-18   250,506,142       par       3.75%              176,600,452      30-Sep-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 176600452,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC006",
        "instrument": "Series B",
        "outstanding_bbd": 257017157,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2027-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2026-12-31",
            "principal_bbd": 64254289.25,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2027-03-31",
            "principal_bbd": 64254289.25,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2027-06-30",
            "principal_bbd": 64254289.25,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2027-09-30",
            "principal_bbd": 64254289.25,
            "bucket_as_at_2025_12_31": ">1–3 years"
          }
        ],
        "source_row": "Series B Bonds                                                01-Oct-18   260,072,009       par       3.75%              257,017,157      30-Sep-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 257017157,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC007",
        "instrument": "Series B",
        "outstanding_bbd": 266766084,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2028-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2027-12-31",
            "principal_bbd": 66691521.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-03-31",
            "principal_bbd": 66691521.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-06-30",
            "principal_bbd": 66691521.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-09-30",
            "principal_bbd": 66691521.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          }
        ],
        "source_row": "01-Oct-18   269,936,809       par       3.75%              266,766,084      30-Sep-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 266766084,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC008",
        "instrument": "Series B",
        "outstanding_bbd": 276810432,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2029-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2028-12-31",
            "principal_bbd": 69202608.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2029-03-31",
            "principal_bbd": 69202608.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2029-06-30",
            "principal_bbd": 69202608.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2029-09-30",
            "principal_bbd": 69202608.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          }
        ],
        "source_row": "01-Oct-18   280,100,543       par       3.75%              276,810,432      30-Sep-29",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 276810432,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC009",
        "instrument": "Series B",
        "outstanding_bbd": 287150203,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2030-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2029-12-31",
            "principal_bbd": 71787550.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2030-03-31",
            "principal_bbd": 71787550.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2030-06-30",
            "principal_bbd": 71787550.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2030-09-30",
            "principal_bbd": 71787550.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          }
        ],
        "source_row": "01-Oct-18   290,563,210       par       3.75%              287,150,203      30-Sep-30",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 287150203,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC010",
        "instrument": "Series B",
        "outstanding_bbd": 298376240,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2031-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2030-12-31",
            "principal_bbd": 74594060.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2031-03-31",
            "principal_bbd": 74594060.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2031-06-30",
            "principal_bbd": 74594060.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2031-09-30",
            "principal_bbd": 74594060.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "01-Oct-18   301,922,677       par       3.75%              298,376,240      30-Sep-31",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 298376240,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC011",
        "instrument": "Series B",
        "outstanding_bbd": 309602276,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2032-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2031-12-31",
            "principal_bbd": 77400569.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-03-31",
            "principal_bbd": 77400569.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-06-30",
            "principal_bbd": 77400569.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-09-30",
            "principal_bbd": 77400569.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "01-Oct-18   313,282,144       par       3.75%              309,602,276      30-Sep-32",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 309602276,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC012",
        "instrument": "Series B",
        "outstanding_bbd": 321419157,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2033-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2032-12-31",
            "principal_bbd": 80354789.25,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-03-31",
            "principal_bbd": 80354789.25,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-06-30",
            "principal_bbd": 80354789.25,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-09-30",
            "principal_bbd": 80354789.25,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "01-Oct-18   325,239,478       par       3.75%              321,419,157      30-Sep-33",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 321419157,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC013",
        "instrument": "Series C",
        "outstanding_bbd": 7085918,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2026-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2026-03-31",
            "principal_bbd": 2361972.6666666665,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-06-30",
            "principal_bbd": 2361972.6666666665,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-09-30",
            "principal_bbd": 2361972.6666666665,
            "bucket_as_at_2025_12_31": "<=1 year"
          }
        ],
        "source_row": "01-Oct-18     4,304,477       par       3.75%                7,085,918      30-Sep-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 7085918,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC014",
        "instrument": "Series C",
        "outstanding_bbd": 9808669,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2027-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2026-12-31",
            "principal_bbd": 2452167.25,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2027-03-31",
            "principal_bbd": 2452167.25,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2027-06-30",
            "principal_bbd": 2452167.25,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2027-09-30",
            "principal_bbd": 2452167.25,
            "bucket_as_at_2025_12_31": ">1–3 years"
          }
        ],
        "source_row": "01-Oct-18     4,468,848       par       3.75%                9,808,669      30-Sep-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 9808669,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC015",
        "instrument": "Series C",
        "outstanding_bbd": 10180722,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2028-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2027-12-31",
            "principal_bbd": 2545180.5,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-03-31",
            "principal_bbd": 2545180.5,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-06-30",
            "principal_bbd": 2545180.5,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-09-30",
            "principal_bbd": 2545180.5,
            "bucket_as_at_2025_12_31": ">1–3 years"
          }
        ],
        "source_row": "01-Oct-18     4,638,356       par       3.75%               10,180,722      30-Sep-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 10180722,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC016",
        "instrument": "Series C",
        "outstanding_bbd": 10564049,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2029-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2028-12-31",
            "principal_bbd": 2641012.25,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2029-03-31",
            "principal_bbd": 2641012.25,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2029-06-30",
            "principal_bbd": 2641012.25,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2029-09-30",
            "principal_bbd": 2641012.25,
            "bucket_as_at_2025_12_31": ">3–5 years"
          }
        ],
        "source_row": "01-Oct-18     4,813,001       par       3.75%               10,564,049      30-Sep-29",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 10564049,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC017",
        "instrument": "Series C",
        "outstanding_bbd": 10958651,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2030-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2029-12-31",
            "principal_bbd": 2739662.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2030-03-31",
            "principal_bbd": 2739662.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2030-06-30",
            "principal_bbd": 2739662.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2030-09-30",
            "principal_bbd": 2739662.75,
            "bucket_as_at_2025_12_31": ">3–5 years"
          }
        ],
        "source_row": "01-Oct-18     4,992,782       par       3.75%               10,958,651      30-Sep-30",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 10958651,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC018",
        "instrument": "Series C",
        "outstanding_bbd": 11387076,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2031-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2030-12-31",
            "principal_bbd": 2846769.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2031-03-31",
            "principal_bbd": 2846769.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2031-06-30",
            "principal_bbd": 2846769.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2031-09-30",
            "principal_bbd": 2846769.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "01-Oct-18     5,187,973       par       3.75%               11,387,076      30-Sep-31",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 11387076,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC019",
        "instrument": "Series C",
        "outstanding_bbd": 11815500,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2032-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2031-12-31",
            "principal_bbd": 2953875.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-03-31",
            "principal_bbd": 2953875.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-06-30",
            "principal_bbd": 2953875.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-09-30",
            "principal_bbd": 2953875.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "01-Oct-18     5,383,164       par       3.75%               11,815,500      30-Sep-32",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 11815500,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC020",
        "instrument": "Series C",
        "outstanding_bbd": 12266474,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2033-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2032-12-31",
            "principal_bbd": 3066618.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-03-31",
            "principal_bbd": 3066618.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-06-30",
            "principal_bbd": 3066618.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-09-30",
            "principal_bbd": 3066618.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "01-Oct-18     5,588,628       par       3.75%               12,266,474      30-Sep-33",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 12266474,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC021",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2034-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2033-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2034-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2034-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2034-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "Series D Bonds                                               01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-34",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC022",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2035-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2034-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2035-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2035-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2035-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-35",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC023",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 770,
        "original_currency": "BBD",
        "final_maturity_date": "2036-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2035-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2036-02-29",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2036-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2036-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-36",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC024",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2037-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2036-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2037-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2037-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2037-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-37",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC025",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2038-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2037-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2038-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2038-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2038-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-38",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC026",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2039-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2038-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2039-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2039-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2039-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "Series D Bonds                                              01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-39",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC027",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2040-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2039-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2040-02-29",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2040-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2040-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-40",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC028",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2041-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2040-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2041-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2041-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2041-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-41",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC029",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2042-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2041-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2042-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2042-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2042-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-42",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC030",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2043-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2042-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2043-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2043-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2043-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-43",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC031",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2044-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2043-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2044-02-29",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2044-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2044-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-44",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC032",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2045-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2044-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2045-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2045-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2045-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-45",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC033",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2046-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2045-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2046-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2046-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2046-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-46",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC034",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2047-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2046-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2047-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2047-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2047-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-47",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC035",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2048-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2047-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2048-02-29",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2048-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2048-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-48",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC036",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2049-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2048-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2049-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2049-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2049-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-49",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC037",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2050-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2049-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2050-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2050-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2050-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-50",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC038",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2051-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2050-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2051-02-28",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2051-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2051-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-51",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC039",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2052-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2051-11-30",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2052-02-29",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2052-05-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2052-08-31",
            "principal_bbd": 14879200.5,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-52",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC040",
        "instrument": "Series D",
        "outstanding_bbd": 59516802,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2053-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "conditional_proportional_strip_model",
        "cashflow_reason": "I: assign each Dec 2025 strip balance pro rata to its remaining original-template instalments. Requires issuer confirmation after prepayments/conversions. Series D template last August versus Appendix September is retained as a discrepancy.",
        "cashflows": [
          {
            "date": "2053-02-28",
            "principal_bbd": 19838934.003967788,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2053-05-31",
            "principal_bbd": 19838934.003967788,
            "bucket_as_at_2025_12_31": ">10 years"
          },
          {
            "date": "2053-08-31",
            "principal_bbd": 19838933.992064428,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "01-Oct-18    59,516,802       par       4.25%               59,516,802      30-Sep-53",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 59516802,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC041",
        "instrument": "Series E",
        "outstanding_bbd": 1422412086,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2043-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Series E Bonds                                               01-Oct-18 1,657,110,951       par       8.00%             1,422,412,086      30-Sep-43",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 1422412086,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC042",
        "instrument": "Series G",
        "outstanding_bbd": 590325225,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2068-07-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Series G Bonds                                               01-Oct-18   886,361,421       par       4.00%              590,325,225       31-Jul-68",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 590325225,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC043",
        "instrument": "Series H",
        "outstanding_bbd": 82888000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2028-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Bullet structure with perpetual rollover under S25; S24 confirms the 2023 five-year bond was renewed for five years at 6%. Final dates identify renewal events, not established cash settlement. Retained outside cash-flow allocation.",
        "cashflows": [],
        "source_row": "01-Oct-18    82,888,000       par       6.00%               82,888,000      30-Sep-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 82888000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null,
        "rollover_label": "Contractually maturing, rolled by design"
      },
      {
        "instrument_id": "AC044",
        "instrument": "Series H",
        "outstanding_bbd": 82888000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2028-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Bullet structure with perpetual rollover under S25; S24 confirms the 2023 five-year bond was renewed for five years at 6%. Final dates identify renewal events, not established cash settlement. Retained outside cash-flow allocation.",
        "cashflows": [],
        "source_row": "01-Oct-18    82,888,000       par       6.63%               82,888,000      30-Sep-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 82888000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null,
        "rollover_label": "Contractually maturing, rolled by design"
      },
      {
        "instrument_id": "AC045",
        "instrument": "Series H",
        "outstanding_bbd": 82888000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2033-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Bullet structure with perpetual rollover under S25; S24 confirms the 2023 five-year bond was renewed for five years at 6%. Final dates identify renewal events, not established cash settlement. Retained outside cash-flow allocation.",
        "cashflows": [],
        "source_row": "Series H Bonds                                               01-Oct-18    82,888,000       par       7.00%               82,888,000      30-Sep-33",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 82888000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null,
        "rollover_label": "Contractually maturing, rolled by design"
      },
      {
        "instrument_id": "AC046",
        "instrument": "Series H",
        "outstanding_bbd": 82888000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2038-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Bullet structure with perpetual rollover under S25; S24 confirms the 2023 five-year bond was renewed for five years at 6%. Final dates identify renewal events, not established cash settlement. Retained outside cash-flow allocation.",
        "cashflows": [],
        "source_row": "01-Oct-18    82,888,000       par       7.75%               82,888,000      30-Sep-38",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 82888000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null,
        "rollover_label": "Contractually maturing, rolled by design"
      },
      {
        "instrument_id": "AC047",
        "instrument": "Series H",
        "outstanding_bbd": 82888000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 771,
        "original_currency": "BBD",
        "final_maturity_date": "2043-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Bullet structure with perpetual rollover under S25; S24 confirms the 2023 five-year bond was renewed for five years at 6%. Final dates identify renewal events, not established cash settlement. Retained outside cash-flow allocation.",
        "cashflows": [],
        "source_row": "01-Oct-18    82,888,000       par       8.00%               82,888,000      30-Sep-43",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 82888000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null,
        "rollover_label": "Contractually maturing, rolled by design"
      },
      {
        "instrument_id": "AC048",
        "instrument": "Series I",
        "outstanding_bbd": 4626958,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,987,925           par       0.25%            4,626,958   30-Jun-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 4626958,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC049",
        "instrument": "Series I",
        "outstanding_bbd": 9987925,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2027-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Series I Bonds                                                    01-Jul-19       9,987,925           par       0.25%            9,987,925   30-Jun-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 9987925,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC050",
        "instrument": "Series I",
        "outstanding_bbd": 9987925,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2028-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,987,925           par       0.25%            9,987,925   30-Jun-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 9987925,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC051",
        "instrument": "Series I",
        "outstanding_bbd": 9987925,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2029-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,987,925           par       0.25%            9,987,925   30-Jun-29",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 9987925,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC052",
        "instrument": "Series I",
        "outstanding_bbd": 9987925,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2030-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,987,925           par       0.25%            9,987,925   30-Jun-30",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 9987925,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC053",
        "instrument": "Series I",
        "outstanding_bbd": 9987925,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2031-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,987,925           par       0.25%            9,987,925   30-Jun-31",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 9987925,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC054",
        "instrument": "Series I",
        "outstanding_bbd": 9987925,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2032-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,987,925           par       0.25%            9,987,925   30-Jun-32",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 9987925,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC055",
        "instrument": "Series I",
        "outstanding_bbd": 9987925,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2033-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,987,925           par       0.25%            9,987,925   30-Jun-33",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 9987925,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC056",
        "instrument": "Series I",
        "outstanding_bbd": 9913053,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2034-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-19       9,913,053           par       0.25%            9,913,053   30-Jun-34",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 9913053,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC057",
        "instrument": "Series J",
        "outstanding_bbd": 70346,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-01-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Aug-22       2,954,563           par                            70,346   31-Jan-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 70346,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC058",
        "instrument": "Series J",
        "outstanding_bbd": 35628,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-02-28",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Series J Bonds                                               01-Sep-22        748,188            par                            35,628   28-Feb-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 35628,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC059",
        "instrument": "Series J",
        "outstanding_bbd": 8415696,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-03-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Oct-22      117,819,748          par                          8,415,696   31-Mar-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 8415696,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC060",
        "instrument": "Series J",
        "outstanding_bbd": 92941,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-04-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Nov-22       975,883            par                            92,941   30-Apr-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 92941,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC061",
        "instrument": "Series J",
        "outstanding_bbd": 116667,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-07-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Feb-23        700,000            par                          116,667    31-Jul-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 116667,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC062",
        "instrument": "Series J",
        "outstanding_bbd": 323,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Apr-23        15,277            par                            323   30-Sep-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 323,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC063",
        "instrument": "Series J",
        "outstanding_bbd": 9690476,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 772,
        "original_currency": "BBD",
        "final_maturity_date": "2026-11-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jun-23       37,000,000          par                          9,690,476   30-Nov-26",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 9690476,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC064",
        "instrument": "Series J",
        "outstanding_bbd": 18869686,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-01-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Aug-23      60,963,600          par                        18,869,686   31-Jan-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 18869686,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC065",
        "instrument": "Series J",
        "outstanding_bbd": 14413,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-03-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Oct-23        47,836            par                            14,413   31-Mar-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 14413,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC066",
        "instrument": "Series J",
        "outstanding_bbd": 3879422,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-04-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Series J Bonds                                           01-Nov-23      10,183,483          par                          3,879,422   30-Apr-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 3879422,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC067",
        "instrument": "Series J",
        "outstanding_bbd": 488550,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-05-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Dec-23       1,245,641           par                          488,550   31-May-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 488550,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC068",
        "instrument": "Series J",
        "outstanding_bbd": 192050,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-08-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Mar-24       403,304            par                          192,050   31-Aug-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 192050,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC069",
        "instrument": "Series J",
        "outstanding_bbd": 1740732,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Apr-24       3,481,465           par                          1,740,732   30-Sep-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 1740732,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC070",
        "instrument": "Series J",
        "outstanding_bbd": 640716,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-11-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jun-24       1,170,003           par                          640,716   30-Nov-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 640716,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC071",
        "instrument": "Series J",
        "outstanding_bbd": 5761472,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2027-12-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-24       10,082,577          par                          5,761,472   31-Dec-27",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 5761472,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC072",
        "instrument": "Series J",
        "outstanding_bbd": 1340165,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2028-05-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Dec-24       1,940,928           par                          1,340,165   31-May-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 1340165,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC073",
        "instrument": "Series J",
        "outstanding_bbd": 69232,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2028-06-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jan-25        96,924            par                            69,232   30-Jun-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 69232,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC074",
        "instrument": "Series J",
        "outstanding_bbd": 10956106,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2028-07-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Feb-25      14,843,757          par                        10,956,106    31-Jul-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 10956106,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC075",
        "instrument": "Series J",
        "outstanding_bbd": 18787,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2028-08-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Mar-25        24,658            par                            18,787   31-Aug-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 18787,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC076",
        "instrument": "Series J",
        "outstanding_bbd": 452095,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2028-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Apr-25        466,538            par                          452,095   30-Sep-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 452095,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC077",
        "instrument": "Series J",
        "outstanding_bbd": 679930,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2028-12-31",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Jul-25        793,251            par                          679,930   31-Dec-28",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 679930,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC078",
        "instrument": "Series J",
        "outstanding_bbd": 4128519,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2029-02-28",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Sep-25       4,563,100           par                          4,128,519   28-Feb-29",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 4128519,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC079",
        "instrument": "Series J",
        "outstanding_bbd": 559764,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 773,
        "original_currency": "BBD",
        "final_maturity_date": "2029-04-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "01-Nov-25       578,630            par                          559,764   30-Apr-29",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 559764,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC080",
        "instrument": "External 2029 bond",
        "outstanding_bbd": 119476000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 774,
        "original_currency": "USD",
        "final_maturity_date": "2029-10-01",
        "appendix_note": null,
        "group": "external_bonds",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S12/S16 pro rata untendered original amortisation; eight equal USD7.46725m instalments exactly reconcile Dec 2025 stock; no subsequent operations or deferrals assumed",
        "cashflows": [
          {
            "date": "2026-04-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2026-10-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": "<=1 year"
          },
          {
            "date": "2027-04-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2027-10-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-04-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2028-10-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          },
          {
            "date": "2029-04-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2029-10-01",
            "principal_bbd": 14934500.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          }
        ],
        "source_row": "US$ 530,595,100 6.5% Bond Due 2029                       11-Dec-19      1,061,190,200       par       6.50%      119,476,000       01-Oct-29",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 119476000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC081",
        "instrument": "External 2035 bond",
        "outstanding_bbd": 1000000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 774,
        "original_currency": "USD",
        "final_maturity_date": "2035-06-26",
        "appendix_note": null,
        "group": "external_bonds",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S3/S4 ten equal USD50m instalments; BBD2 per USD snapshot valuation",
        "cashflows": [
          {
            "date": "2030-12-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          },
          {
            "date": "2031-06-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2031-12-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-06-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2032-12-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-06-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2033-12-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2034-06-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2034-12-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          },
          {
            "date": "2035-06-26",
            "principal_bbd": 100000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "US$500,000,000 8% Notes Due 2035                          26-Jun-25      1,000,000,000       par       8.00%      1,000,000,000      26-Jun-35",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 1000000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC082",
        "instrument": "Series A",
        "outstanding_bbd": 890799,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 769,
        "original_currency": "BBD",
        "final_maturity_date": "2033-09-30",
        "appendix_note": null,
        "group": "local_and_restructured",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 890799,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC083",
        "instrument": "Government savings bonds",
        "outstanding_bbd": 17757500,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 776,
        "original_currency": "BBD",
        "final_maturity_date": null,
        "appendix_note": null,
        "group": "savings",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "final_maturity_classification": null,
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC084",
        "instrument": "Treasury bills",
        "outstanding_bbd": 951350750,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 777,
        "original_currency": "BBD",
        "final_maturity_date": null,
        "appendix_note": null,
        "group": "bills",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "final_maturity_classification": null,
        "bucket_only_classification": {
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 951350750,
          "method": "short_term_classification",
          "exact_payment_date": null,
          "source_ids": [
            "S10",
            "S23"
          ],
          "warning": "Classification of snapshot stock, not an allotment schedule or total annual gross refinancing; MTDS models ways-and-means at one year, not an exact contractual maturity date."
        },
        "legacy_rollover_component_bbd": null,
        "legacy_rollover_component_warning": "Historical BBD495m component not separately identified at December 2025; aggregate includes regular bill issues."
      },
      {
        "instrument_id": "AC085",
        "instrument": "Tax refund certificates",
        "outstanding_bbd": 63350,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 777,
        "original_currency": "BBD",
        "final_maturity_date": null,
        "appendix_note": null,
        "group": "taxcert",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "final_maturity_classification": null,
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC086",
        "instrument": "Temporary borrowings",
        "outstanding_bbd": 207180000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 777,
        "original_currency": "BBD",
        "final_maturity_date": null,
        "appendix_note": null,
        "group": "temp",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "final_maturity_classification": null,
        "bucket_only_classification": {
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 207180000,
          "method": "short_term_classification",
          "exact_payment_date": null,
          "source_ids": [
            "S10",
            "S23"
          ],
          "warning": "Classification of snapshot stock, not an allotment schedule or total annual gross refinancing; MTDS models ways-and-means at one year, not an exact contractual maturity date."
        }
      },
      {
        "instrument_id": "AC087",
        "instrument": "BAICO Bonds Series 1",
        "outstanding_bbd": 23300000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2028-04-02",
        "appendix_note": 1,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2028-04-02",
            "principal_bbd": 23300000.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          }
        ],
        "source_row": "BAICO Bonds Series 1                                                                          23,300,000      23,300,000    See Note 1",
        "reported_repayment_note": "BBD 23,300,000. Bullet payment 2028-04-02. Interest 7.75%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 23300000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC088",
        "instrument": "BAICO Bonds Series 2",
        "outstanding_bbd": 23300000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2033-04-02",
        "appendix_note": 2,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2033-04-02",
            "principal_bbd": 23300000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "BAICO Bonds Series 2                                                                          23,300,000      23,300,000    See Note 2",
        "reported_repayment_note": "BBD 23,300,000. Bullet payment. 2033-04-02. Interest 8.15%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 23300000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC089",
        "instrument": "BAICO Bonds Series 3",
        "outstanding_bbd": 23300000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2038-04-02",
        "appendix_note": 3,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2038-04-02",
            "principal_bbd": 23300000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "BAICO Bonds Series 3                                                                          23,300,000      23,300,000    See Note 3",
        "reported_repayment_note": "BBD 23,300,000. Bullet payment 2038-04-02. Interest 8.55%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 23300000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC090",
        "instrument": "BAICO Bonds Series 4",
        "outstanding_bbd": 23300000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2043-04-02",
        "appendix_note": 4,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2043-04-02",
            "principal_bbd": 23300000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "BAICO Bonds Series 4                                                                          23,300,000      23,300,000    See Note 4",
        "reported_repayment_note": "BBD 23,300,000. Bullet payment 2043-04-02. Interest 8.95%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 23300000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC091",
        "instrument": "GOB BAICO Bond 2",
        "outstanding_bbd": 3000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2029-11-30",
        "appendix_note": 5,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2029-11-30",
            "principal_bbd": 3000000.0,
            "bucket_as_at_2025_12_31": ">3–5 years"
          }
        ],
        "source_row": "GOB BAICO Bond 2                                                                              3,000,000       3,000,000    See Note 5",
        "reported_repayment_note": "BBD 3,000,000. Bullet payment 2029-11-30. Interest 7.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 3000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC092",
        "instrument": "GOB BAICO Bond 3",
        "outstanding_bbd": 3000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2034-11-30",
        "appendix_note": 6,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2034-11-30",
            "principal_bbd": 3000000.0,
            "bucket_as_at_2025_12_31": ">5–10 years"
          }
        ],
        "source_row": "GOB BAICO Bond 3                                                                              3,000,000       3,000,000    See Note 6",
        "reported_repayment_note": "BBD 3,000,000. Bullet payment 2034-11-30. Interest 7.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 3000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC093",
        "instrument": "GOB BAICO Bond 4",
        "outstanding_bbd": 625000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2039-11-30",
        "appendix_note": 7,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2039-11-30",
            "principal_bbd": 625000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "GOB BAICO Bond 4                                                                            625,000        625,000    See Note 7",
        "reported_repayment_note": "BBD 625,000. Bullet payment 2039-11-30. Interest 7.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 625000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC094",
        "instrument": "GOB BAICO Bond 5",
        "outstanding_bbd": 625000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2044-11-30",
        "appendix_note": 8,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2044-11-30",
            "principal_bbd": 625000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "GOB BAICO Bond 5                                                                            625,000        625,000    See Note 8",
        "reported_repayment_note": "BBD 625,000. Bullet payment 2044-11-30. Interest 7.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 625000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC095",
        "instrument": "GOB BAICO Bond 6",
        "outstanding_bbd": 240000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2049-11-30",
        "appendix_note": 9,
        "group": "BAICO",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2049-11-30",
            "principal_bbd": 240000.0,
            "bucket_as_at_2025_12_31": ">10 years"
          }
        ],
        "source_row": "GOB BAICO Bond 6                                                                            240,000        240,000    See Note 9",
        "reported_repayment_note": "BBD 240,000. Bullet payment 2049-11-30. Interest 7.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 240000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC096",
        "instrument": "BOSS Plus Bond",
        "outstanding_bbd": 198543500,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2027-08-31",
        "appendix_note": 10,
        "group": "BOSS",
        "cashflow_method": "reported_terms_calculated_remaining",
        "cashflow_reason": "S2 Appendix C explicit bullet repayment; use outstanding rather than original note face amount",
        "cashflows": [
          {
            "date": "2027-08-31",
            "principal_bbd": 198543500.0,
            "bucket_as_at_2025_12_31": ">1–3 years"
          }
        ],
        "source_row": "BOSS Plus Bond                                                              200,000,000     200,000,000     198,543,500    See Note 10",
        "reported_repayment_note": "BBD 200,000,000. Bullet payment 2027-08-31. Interest 4.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 198543500,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC097",
        "instrument": "BOSS Plus II Bond",
        "outstanding_bbd": 196418300,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": null,
        "appendix_note": 11,
        "group": "BOSS",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "BOSS Plus II Bond                                                             200,000,000     199,944,000     196,418,300    See Note 11",
        "reported_repayment_note": "BBD 199,944,000 Staggered bullet payments 5 years from issuance commencing 2028-06-30. Interest 4.50%. Fixed rate",
        "final_maturity_classification": null,
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC098",
        "instrument": "BOSS Plus III Bond",
        "outstanding_bbd": 199598600,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": null,
        "appendix_note": 12,
        "group": "BOSS",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "BOSS Plus III Bond                                                            200,000,000     199,598,600     199,598,600    See Note 12",
        "reported_repayment_note": "BBD 199,598,600. Staggered bullet payments 5 years from issuance commencing 2030-06-15. Interest 4.50%. Fixed rate",
        "final_maturity_classification": null,
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC099",
        "instrument": "MTFA BB Blue Financing DAC (USD Tranche)",
        "outstanding_bbd": 146518800,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "USD",
        "final_maturity_date": "2037-09-20",
        "appendix_note": 13,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "MTFA BB Blue Financing DAC (USD Tranche)                                                  146,518,800     146,518,800    See Note 13",
        "reported_repayment_note": "US $73,259,400. Amortised 2026-03-20 to 2037-09-20. Semi-annual payments. Interest 4.40%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 146518800,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC100",
        "instrument": "MTFA FirstCaribbean International Bank (Barbados) Limited (BBD Tranche)",
        "outstanding_bbd": 146518800,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2037-09-20",
        "appendix_note": 14,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "MTFA FirstCaribbean International Bank (Barbados) Limited (BBD Tranche)                       146,518,800     146,518,800    See Note 14",
        "reported_repayment_note": "BBD 146,518,800. Amortised 2026-03-20 to 2037-09-20. Semi-annual payments. Interest 3.25%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 146518800,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC101",
        "instrument": "Syndicated Sustainability Linked Loan (SLL)",
        "outstanding_bbd": 592716270,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "BBD",
        "final_maturity_date": "2044-11-28",
        "appendix_note": 15,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Syndicated Sustainability Linked Loan (SLL)                                                    592,716,270     592,716,270    See Note 15",
        "reported_repayment_note": "BBD 592,716,270. Amortised 2030-02-28 to 2044-11-28. Quarterly payments. Interest 3.25%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 592716270,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC102",
        "instrument": "ABC Highway Project Bond",
        "outstanding_bbd": 5283284,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "USD",
        "final_maturity_date": "2029-10-01",
        "appendix_note": 16,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "ABC Highway Project Bond                                                                     10,566,572       5,283,284    See Note 16",
        "reported_repayment_note": "US $5,283,286. Amortised 2022-04-01 to 2029-10-01. Semi-annual payments. Interest 6.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 5283284,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC103",
        "instrument": "BCC Prison Lease Facility",
        "outstanding_bbd": 106328856,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "USD",
        "final_maturity_date": "2029-01-15",
        "appendix_note": 17,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "BCC Prison Lease Facility                                                                      271,897,060     106,328,856    See Note 17",
        "reported_repayment_note": "US $135,948,530. Amortised in 2020-06-15 to 2029-01-15. Monthly payments. Interest 4.30%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 106328856,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC104",
        "instrument": "Ministry of Agriculture -Livestock Development",
        "outstanding_bbd": 205060,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "EUR",
        "final_maturity_date": "2032-12-01",
        "appendix_note": 18,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Ministry of Agriculture -Livestock Development                                                    785,971        205,060    See Note 18",
        "reported_repayment_note": "EUR €330,000. Amortised 2003-06-01 to 2032-12-01. Semi-annual payments. Interest 1%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 205060,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC105",
        "instrument": "Barbados COVID-19 Health Resilience",
        "outstanding_bbd": 44944921,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "EUR",
        "final_maturity_date": "2043-11-15",
        "appendix_note": 19,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Barbados COVID-19 Health Resilience                                                           45,666,657      44,944,921    See Note 19",
        "reported_repayment_note": "EUR €10,000,000. Amortised 2025-11-15 to 2041-11-15. Semi-annual payments. Fixed interest rate. Tranche 1 - 1.42%\n   EUR €9,173,734. Amortised 2027-11-15 to 2043-11-15. Semi-annual payments. Fixed interest rate. Tranche 2 - 3.90%",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 44944921,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC106",
        "instrument": "BWA Smart Meter Transformation Project USD $67.9M",
        "outstanding_bbd": 21274318,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "USD",
        "final_maturity_date": "2027-06-28",
        "appendix_note": 20,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "BWA Smart Meter Transformation Project USD $67.9M                                          127,645,907      21,274,318    See Note 20",
        "reported_repayment_note": "US $63,822,954. Amortised 2018-12-28 to 2027-06-28. Semi-annual payments. Interest 6.00% (weighted average)",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 21274318,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC107",
        "instrument": "Sam Lord's Castle Hotel Project",
        "outstanding_bbd": 256685619,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "USD",
        "final_maturity_date": "2037-01-21",
        "appendix_note": 21,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Sam Lord's Castle Hotel Project                                                                340,000,000     256,685,619    See Note 21",
        "reported_repayment_note": "US $170,000,000. Amortised 2022-01-21 to 2037-01-21. Semi-annual payments. Interest 2.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 256685619,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC108",
        "instrument": "Scotland District Road Rehabilitation Project",
        "outstanding_bbd": 105574060,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "CNY",
        "final_maturity_date": "2042-09-21",
        "appendix_note": 22,
        "group": "specialloans",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Scotland District Road Rehabilitation Project                                                    233,366,742     105,574,060    See Note 22",
        "reported_repayment_note": "CNY ¥815,500,000. Amortised 2027-09-21 to 2042-09-21. Semi-annual payments. Interest 2.00%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 105574060,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC109",
        "instrument": "BAMC Bond",
        "outstanding_bbd": 575250,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 778,
        "original_currency": "USD",
        "final_maturity_date": "2029-10-01",
        "appendix_note": 23,
        "group": "BAMC",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "BAMC Bond                                                                                                 1,150,498        575,250   See Note 23",
        "reported_repayment_note": "US $575,249.07. Amortised 2022-04-01 to 2029-10-01. Semi-annual payments. Interest 6.50%. Fixed rate",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 575250,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC110",
        "instrument": "6/SFR-OR-BAR Support for Liat Ltd",
        "outstanding_bbd": 7800774,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2027-10-01",
        "appendix_note": 24,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "6/SFR-OR-BAR Support for Liat Ltd                                                 33,631,879.50      67,263,759        7,800,774   See Note 24",
        "reported_repayment_note": "US $33,631,879.38. Amortised 2009-10-01 to 2027-10-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 7800774,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC111",
        "instrument": "23/OR-BAR Policy-Based Loan",
        "outstanding_bbd": 8333333,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2027-10-01",
        "appendix_note": 25,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "23/OR-BAR Policy-Based Loan                                                      25,000,000.00      50,000,000        8,333,333   See Note 25",
        "reported_repayment_note": "US $25,000,000. Amortised 2016-01-01 to 2027-10-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 8333333,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC112",
        "instrument": "26/OR-BAR Education Sector Project",
        "outstanding_bbd": 2160708,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2029-04-01",
        "appendix_note": 26,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "26/OR-BAR Education Sector Project                                                   3,531,838.49       7,063,677        2,160,708   See Note 26",
        "reported_repayment_note": "US $3,531,838. Amortised 2017-07-01 to 2029-04-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 2160708,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC113",
        "instrument": "29/OR-BAR Fleet Modernisation Project -Liat (1974) Ltd",
        "outstanding_bbd": 5054823,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2028-07-01",
        "appendix_note": 27,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "29/OR-BAR Fleet Modernisation Project -Liat (1974) Ltd                              33,200,000.00      66,400,000        5,054,823   See Note 27",
        "reported_repayment_note": "US $33,200,000. Amortised 2015-10-01 to 2028-07-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 5054823,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC114",
        "instrument": "31/OR-BAR Speightstown Flood Mitigation Project",
        "outstanding_bbd": 3930981,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2031-10-01",
        "appendix_note": 28,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "31/OR-BAR Speightstown Flood Mitigation Project                                     4,615,000.00       9,230,000        3,930,981   See Note 28",
        "reported_repayment_note": "US $4,615,000. Amortised 2018-01-01 to 2031-10-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 3930981,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC115",
        "instrument": "32/OR-BAR Enhancement of Immigration Services",
        "outstanding_bbd": 5451061,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2032-07-01",
        "appendix_note": 29,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "32/OR-BAR Enhancement of Immigration Services                                      6,474,000.00      12,948,000        5,451,061   See Note 29",
        "reported_repayment_note": "US $6,474,000. Amortised 2020-10-01 to 2032-07-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 5451061,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC116",
        "instrument": "33/OR-BAR Water Supply Network",
        "outstanding_bbd": 45071633,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2033-07-01",
        "appendix_note": 30,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "33/OR-BAR Water Supply Network                                                   35,667,000.00      71,334,000       45,071,633   See Note 30",
        "reported_repayment_note": "US $35,67,000. Amortised 2021-10-01 to 2033-07-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 45071633,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC117",
        "instrument": "34/OR-BAR Student Revolving Loan Fund",
        "outstanding_bbd": 4125000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2034-01-01",
        "appendix_note": 31,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "34/OR-BAR Student Revolving Loan Fund                                              3,000,000.00       6,000,000        4,125,000   See Note 31",
        "reported_repayment_note": "US $3,000,000. Amortised 2022-04-01 to 2034-01-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 4125000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC118",
        "instrument": "35/OR-BAR Constitution River Flood Mitigation Project",
        "outstanding_bbd": 7791901,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2034-01-01",
        "appendix_note": 32,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "35/OR-BAR Constitution River Flood Mitigation Project                                6,877,000.00      13,754,000        7,791,901   See Note 32",
        "reported_repayment_note": "US $6,877,000. Amortised 2022-04-01 to 2034-01-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 7791901,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC119",
        "instrument": "36/OR-BAR Emergency Support Loan - LIAT (1974) Limited",
        "outstanding_bbd": 5208000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2032-10-01",
        "appendix_note": 33,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "36/OR-BAR Emergency Support Loan - LIAT (1974) Limited                            3,720,000.00       7,440,000        5,208,000   See Note 33",
        "reported_repayment_note": "US $3,720,000. Amortised 2023-01-01 to 2032-10-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 5208000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC120",
        "instrument": "Protection Policy Based Loan",
        "outstanding_bbd": 107142857,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2030-10-01",
        "appendix_note": 34,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Protection Policy Based Loan                                                         75,000,000.00     150,000,000     107,142,857   See Note 34",
        "reported_repayment_note": "US $75,000,000. Amortised 2024-01-01 to 2030-10-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 107142857,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC121",
        "instrument": "Protection Policy Based Loan",
        "outstanding_bbd": 128571429,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2031-10-01",
        "appendix_note": 35,
        "group": "CDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Protection Policy Based Loan                                                         75,000,000.00     150,000,000     128,571,429   See Note 35",
        "reported_repayment_note": "US $75,000,000. Amortised 2025-01-01 to 2031-10-01. Quarterly payments. Interest 5.00%. ***",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 128571429,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC122",
        "instrument": "1684/OC Modern/Customs/Ex/Vat",
        "outstanding_bbd": 285539,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2026-04-05",
        "appendix_note": 36,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "1684/OC Modern/Customs/Ex/Vat                                                      4,387,024.00        8,774,048         285,539   See Note 36",
        "reported_repayment_note": "US $4,387,024. Amortised 2010-10-05 to 2026-04-05. Semi-annual payments. Interest 6.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": "<=1 year",
          "stock_bbd": 285539,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC123",
        "instrument": "1948/OC/BA- Modernisation of the B'dos National Standard System",
        "outstanding_bbd": 606921,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2028-07-25",
        "appendix_note": 37,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "1948/OC/BA- Modernisation of the B'dos National Standard System                     1,563,751.00       3,127,502         606,921   See Note 37",
        "reported_repayment_note": "US $ 1,563,751. Amortised 2013-01-25 to 2028-07-25. Semi - annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 606921,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC124",
        "instrument": "1953/OC-BA Housing & Neighbourhood Upgrading Programme",
        "outstanding_bbd": 2232086,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2028-04-08",
        "appendix_note": 38,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "1953/OC-BA Housing & Neighbourhood Upgrading Programme                         6,598,743.50      13,197,487        2,232,086   See Note 38",
        "reported_repayment_note": "US $6,598,744. Amortised 2013-10-08 to 2028-04-08. Semi- annual payments. Interest 6.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 2232086,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC125",
        "instrument": "2003/OC-BA Reform/Modernisation of Statistical Service",
        "outstanding_bbd": 1993603,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2028-12-11",
        "appendix_note": 39,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2003/OC-BA Reform/Modernisation of Statistical Service                               4,861,837.50       9,723,675        1,993,603   See Note 39",
        "reported_repayment_note": "US $4,861,838. Amortised 2013-06-11 to 2028-12-11. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 1993603,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC126",
        "instrument": "2099/OC-BA Modernisation of the B'dos National Standards",
        "outstanding_bbd": 1251844,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2029-03-30",
        "appendix_note": 40,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2099/OC-BA Modernisation of the B'dos National Standards                             2,541,364.00       5,082,728        1,251,844   See Note 40",
        "reported_repayment_note": "US $2,541,364. Amortised 2014-09-30 to 2029-03-30. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 1251844,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC127",
        "instrument": "2255/OC-BA Water and Sanitation",
        "outstanding_bbd": 41194390,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2035-03-21",
        "appendix_note": 41,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2255/OC-BA Water and Sanitation                                                    43,200,000.00      86,400,000       41,194,390   See Note 41",
        "reported_repayment_note": "US $43,200,000 Amortised 2015-09-21 to 2035-03-21. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 41194390,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC128",
        "instrument": "2256/OC-BA Agriculture Health and Food Control",
        "outstanding_bbd": 533312,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2035-03-21",
        "appendix_note": 42,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2256/OC-BA Agriculture Health and Food Control                                       688,840.50       1,377,681         533,312   See Note 42",
        "reported_repayment_note": "US $688,840. Amortised 2014-09-21 to 2035-03-21. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 533312,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC129",
        "instrument": "2278/OC B'dos Competitiveness Programme",
        "outstanding_bbd": 8435621,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2035-03-21",
        "appendix_note": 43,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2278/OC B'dos Competitiveness Programme                                            8,561,707.50      17,123,415        8,435,621   See Note 43",
        "reported_repayment_note": "US $8,561,708 Amortised 2014-09-21 to 2035-03-21. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 8435621,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC130",
        "instrument": "2410/OC-BA Sustainable Energy Frame",
        "outstanding_bbd": 30000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2030-10-10",
        "appendix_note": 44,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2410/OC-BA Sustainable Energy Frame                                               45,000,000.00      90,000,000       30,000,000   See Note 44",
        "reported_repayment_note": "US $45,000,000 Amortised 2016-04-10 to 2030-10-10. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 30000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC131",
        "instrument": "2463/OC-BA Coastal Risk Assessment & Management Programme",
        "outstanding_bbd": 29597056,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2036-02-07",
        "appendix_note": 45,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2463/OC-BA Coastal Risk Assessment & Management Programme                     26,830,439.50      53,660,879       29,597,056   See Note 45",
        "reported_repayment_note": "US $26,830,440 Amortised 2016-08-07 to 2036-02-07. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 29597056,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC132",
        "instrument": "2485/OC-BA Sustainable Energy Investment Programme",
        "outstanding_bbd": 10590214,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2036-02-07",
        "appendix_note": 46,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2485/OC-BA Sustainable Energy Investment Programme                               10,000,000.00      20,000,000       10,590,214   See Note 46",
        "reported_repayment_note": "US $10,000,000 Amortised 2016-08-07 to 2036-02-07. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 10590214,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC133",
        "instrument": "2609/OC-BA Energy Based Policy Loan",
        "outstanding_bbd": 56000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2031-11-16",
        "appendix_note": 47,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2609/OC-BA Energy Based Policy Loan                                              70,000,000.00     140,000,000       56,000,000   See Note 47",
        "reported_repayment_note": "US $70,000,000 Amortised 2017-05-16 to 2031-11-16. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 56000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC134",
        "instrument": "2739/OC-BA Skills for the Future",
        "outstanding_bbd": 24530065,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2037-10-15",
        "appendix_note": 48,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2739/OC-BA Skills for the Future                                                    20,000,000.00      40,000,000       24,530,065   See Note 48",
        "reported_repayment_note": "US $20,000,000 Amortised 2018-04-15 to 2037-10-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 24530065,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC135",
        "instrument": "2748/OC-BA Public Sector Smart Energy (PSSE) Program",
        "outstanding_bbd": 23750519,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2038-11-15",
        "appendix_note": 49,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2748/OC-BA Public Sector Smart Energy (PSSE) Program                             17,000,000.00      34,000,000       23,750,519   See Note 49",
        "reported_repayment_note": "US $17,000,000. Amortised 2019-05-15 to 2038-11-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 23750519,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC136",
        "instrument": "3389/OC-BA Enhanced Access to Credit for Productivity Project",
        "outstanding_bbd": 25391747,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2040-06-15",
        "appendix_note": 50,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "3389/OC-BA Enhanced Access to Credit for Productivity Project                       17,500,000.00      35,000,000       25,391,747   See Note 50",
        "reported_repayment_note": "US $17,500,000. Amortised 2020-12-15 to 2040-06-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 25391747,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC137",
        "instrument": "3390/CH-BA Enhanced Access to Credit for Productivity Project",
        "outstanding_bbd": 25391747,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2040-06-15",
        "appendix_note": 51,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "3390/CH-BA Enhanced Access to Credit for Productivity Project                       17,500,000.00      35,000,000       25,391,747   See Note 51",
        "reported_repayment_note": "US $17,500,000. Amortised 2020-12-15 to 2040-06-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 25391747,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC138",
        "instrument": "3542/OC-BA Strengthening Human and Social Development in Barbados",
        "outstanding_bbd": 7974453,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2040-12-15",
        "appendix_note": 52,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "3542/OC-BA Strengthening Human and Social Development in Barbados                 5,000,000.00      10,000,000        7,974,453   See Note 52",
        "reported_repayment_note": "US $5,000,000. Amortised 2021-06-15 to 2040-12-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 7974453,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC139",
        "instrument": "3542/CH-BA Strengthening Human and Social Development in Barbados",
        "outstanding_bbd": 7974453,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2040-12-15",
        "appendix_note": 53,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "3542/CH-BA Strengthening Human and Social Development in Barbados                 5,000,000.00      10,000,000        7,974,453   See Note 53",
        "reported_repayment_note": "US $5,000,000. Amortised 2021-06-15 to 2040-12-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 7974453,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC140",
        "instrument": "Infrastructure",
        "outstanding_bbd": 40587548,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2041-02-15",
        "appendix_note": 54,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Infrastructure                                                                        25,000,000.00      50,000,000       40,587,548   See Note 54",
        "reported_repayment_note": "US $25,000,000. Amortised 2021-08-15 to 2041-02-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 40587548,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC141",
        "instrument": "3843/OC-BA Deployment of Cleaner Fuels and Renewable Energies in Barbados",
        "outstanding_bbd": 54534698,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2041-05-15",
        "appendix_note": 55,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "3843/OC-BA Deployment of Cleaner Fuels and Renewable Energies in Barbados        34,000,000.00      68,000,000       54,534,698   See Note 55",
        "reported_repayment_note": "US $34,000,000. Amortised 2023-11-15 to 2041-05-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 54534698,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC142",
        "instrument": "4342/OC-BA National Tourism Programme",
        "outstanding_bbd": 4336900,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2043-02-15",
        "appendix_note": 56,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "4342/OC-BA National Tourism Programme                                             2,395,147.62       4,790,295        4,336,900   See Note 56",
        "reported_repayment_note": "US $2,395,148. Amortised 2023-08-15 to 2043-02-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 4336900,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC143",
        "instrument": "4865/OC-BA Sustainable Energy Investment Program (SMART FUND II)",
        "outstanding_bbd": 18706149,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2041-11-24",
        "appendix_note": 57,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "4865/OC-BA Sustainable Energy Investment Program (SMART FUND II)              30,000,000.00      60,000,000       18,706,149   See Note 57",
        "reported_repayment_note": "US $30,000,000. Amortised 2024-11-24 to 2041-11-24. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 18706149,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC144",
        "instrument": "4920/OC-BA Public Sector Modernization Programme",
        "outstanding_bbd": 39967979,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2045-01-15",
        "appendix_note": 58,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "4920/OC-BA Public Sector Modernization Programme                                 40,000,000.00      80,000,000       39,967,979   See Note 58",
        "reported_repayment_note": "US $40,000,000. Amortised 2025-07-15 to 2045-01-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 39967979,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC145",
        "instrument": "4987/OC-BA Sustainable Development Policy Program",
        "outstanding_bbd": 154666667,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2040-03-15",
        "appendix_note": 59,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "4987/OC-BA Sustainable Development Policy Program                                80,000,000.00     160,000,000     154,666,667   See Note 59",
        "reported_repayment_note": "US $80,000,000. Amortised 2025-09-15 to 2040-03-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 154666667,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC146",
        "instrument": "5168/OC-BA COVID 19 Programme",
        "outstanding_bbd": 240000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2040-11-15",
        "appendix_note": 60,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "5168/OC-BA COVID 19 Programme                                                120,000,000.00     240,000,000     240,000,000   See Note 60",
        "reported_repayment_note": "US $120,000,000. Amortised 2026-05-15 to 2040-11-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 240000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC147",
        "instrument": "Employment",
        "outstanding_bbd": 60000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2046-04-15",
        "appendix_note": 61,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Employment                                                                         30,000,000.00      60,000,000       60,000,000   See Note 61",
        "reported_repayment_note": "US $30,000,000. Amortised 2026-10-15 to 2046-04-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 60000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC148",
        "instrument": "5439/OC-BA Sustainable Development Policy Program II",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2041-12-15",
        "appendix_note": 62,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "5439/OC-BA Sustainable Development Policy Program II                             100,000,000.00     200,000,000     200,000,000   See Note 62",
        "reported_repayment_note": "US $100,000,000. Amortised 2027-06-15 to 2041-12-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC149",
        "instrument": "Response to the Health and Economic Crisis Caused by COVID-19 in Barbados II",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2043-02-15",
        "appendix_note": 63,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Response to the Health and Economic Crisis Caused by COVID-19 in Barbados II       100,000,000.00     200,000,000     200,000,000   See Note 63",
        "reported_repayment_note": "US $100,000,000. Amortised 2028-08-15 to 2043-02-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC150",
        "instrument": "Quality Education",
        "outstanding_bbd": 7284024,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2048-08-15",
        "appendix_note": 64,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Quality Education                                                                    20,000,000.00      40,000,000        7,284,024   See Note 64",
        "reported_repayment_note": "US $20,000,000. Amortised 2028-08-15 to 2048-08-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 7284024,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC151",
        "instrument": "5827/OC-BA Program to Strengthen Social Services in Barbados",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2043-11-15",
        "appendix_note": 65,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "5827/OC-BA Program to Strengthen Social Services in Barbados                      100,000,000.00     200,000,000     200,000,000   See Note 65",
        "reported_repayment_note": "US $100,000,000. Amortised 2029-05-15 to 2043-11-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC152",
        "instrument": "Management",
        "outstanding_bbd": 922113,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2047-08-15",
        "appendix_note": 66,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Management                                                                        50,000,000.00     100,000,000         922,113   See Note 66",
        "reported_repayment_note": "US $50,000,000. Amortised 2031-02-15 to 2047-08-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 922113,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC153",
        "instrument": "5856/OC-BA Sustainable Development Policy Program III",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2044-02-15",
        "appendix_note": 67,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "5856/OC-BA Sustainable Development Policy Program III                            100,000,000.00     200,000,000     200,000,000   See Note 67",
        "reported_repayment_note": "US $100,000,000. Amortised 2029-08-15 to 2044-02-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC154",
        "instrument": "5980/OC-BA Program to Strengthen Social Services in Barbados II",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2045-03-15",
        "appendix_note": 68,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "5980/OC-BA Program to Strengthen Social Services in Barbados II                   100,000,000.00     200,000,000     200,000,000   See Note 68",
        "reported_repayment_note": "US $100,000,000. Amortised 2030-08-15 to 2045-03-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC155",
        "instrument": "Enterprises (MSME)",
        "outstanding_bbd": 19937613,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 779,
        "original_currency": "USD",
        "final_maturity_date": "2050-09-15",
        "appendix_note": 69,
        "group": "IDB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Enterprises (MSME)                                                                 50,000,000.00     100,000,000       19,937,613   See Note 69",
        "reported_repayment_note": "US $50,000,000. Amortised 2031-02-15 to 2050-09-15. Semi-annual payments. Interest 5.27% *",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 19937613,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC156",
        "instrument": "CAF Policy Based Loan",
        "outstanding_bbd": 19047618,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2027-07-20",
        "appendix_note": 70,
        "group": "CAF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "CAF Policy Based Loan                                                                  50,000,000.00     100,000,000       19,047,618  See Note 70",
        "reported_repayment_note": "US $50,000,000. Amortised 2017-07-20 to 2027-07-20. Semi-annual payments. Interest 6.66%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 19047618,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC157",
        "instrument": "CAF Sector Wide Approach Programme",
        "outstanding_bbd": 13333335,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2027-11-30",
        "appendix_note": 71,
        "group": "CAF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "CAF Sector Wide Approach Programme                                                   35,000,000.00       70,000,000       13,333,335  See Note 71",
        "reported_repayment_note": "US $35,000,000. Amortised 2017-11-30 to 2027-11-30. Semi-annual payments. Interest 6.40%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">1–3 years",
          "stock_bbd": 13333335,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC158",
        "instrument": "CAF Tax Administration Infrastructure Reform Programme",
        "outstanding_bbd": 11916597,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2029-11-17",
        "appendix_note": 72,
        "group": "CAF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "CAF Tax Administration Infrastructure Reform Programme                                 15,000,000.00       30,000,000       11,916,597  See Note 72",
        "reported_repayment_note": "US $15,000,000. Amortised 2019-11-17 to 2029-11-17. Semi-annual payments. Interest 6.32%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">3–5 years",
          "stock_bbd": 11916597,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC159",
        "instrument": "CAF Water Infrastructure Rehabilitation Project",
        "outstanding_bbd": 17493429,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2031-12-24",
        "appendix_note": 73,
        "group": "CAF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "CAF Water Infrastructure Rehabilitation Project                                           10,000,000.00       20,000,000       17,493,429  See Note 73",
        "reported_repayment_note": "US $10,000,000. Amortised 2024-12-24 to 2031-12-24. Semi-annual payments. Interest 6.47%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 17493429,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC160",
        "instrument": "CAF COVID 19 Programme",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2040-12-16",
        "appendix_note": 74,
        "group": "CAF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "CAF COVID 19 Programme                                                            100,000,000.00     200,000,000      200,000,000  See Note 74",
        "reported_repayment_note": "US $100,000,000. Amortised 2026-12-16 to 2040-12-16. Semi-annual payments. Interest 6.40%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC161",
        "instrument": "CAF Land Transportation Sector in Barbados",
        "outstanding_bbd": 92504202,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2041-11-24",
        "appendix_note": 75,
        "group": "CAF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "CAF Land Transportation Sector in Barbados                                              50,000,000.00     100,000,000       92,504,202  See Note 75",
        "reported_repayment_note": "US $50,000,000. Amortised 2024-11-24 to 2041-11-24. Semi-annual payments. Interest 5.69%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 92504202,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC162",
        "instrument": "\"Roots From Cultural Heritage to Innovation in Barbados\".",
        "outstanding_bbd": 150000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2045-02-21",
        "appendix_note": 76,
        "group": "CAF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "\"Roots From Cultural Heritage to Innovation in Barbados\".                                 75,000,000.00     150,000,000      150,000,000  See Note 76",
        "reported_repayment_note": "US $75,000,000. Amortised 2024-11-24 to 2045-02-21. Semi-annual payments. Interest 5.69%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 150000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC163",
        "instrument": "2nd HIV-AIDS Project",
        "outstanding_bbd": 35729292,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2038-02-15",
        "appendix_note": 77,
        "group": "WB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "2nd HIV-AIDS Project                                                                   35,000,000.00       70,000,000       35,729,292  See Note 77",
        "reported_repayment_note": "US $35,000,000. Amortised 2013-08-15 to 2038-02-15 Semi-annual payments. Interest 4.27%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 35729292,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC164",
        "instrument": "COVID-19 Response and Recovery Development Policy Loan",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2040-01-01",
        "appendix_note": 78,
        "group": "WB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "COVID-19 Response and Recovery Development Policy Loan                             100,000,000.00     200,000,000      200,000,000  See Note 78",
        "reported_repayment_note": "US $100,000,000. Amortised 2026-07-01 to 2040-01-01 Semi-annual payments. Interest 5.13%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC165",
        "instrument": "Green and Resilient Recovery Development Policy Loan",
        "outstanding_bbd": 200000000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2041-02-15",
        "appendix_note": 79,
        "group": "WB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Green and Resilient Recovery Development Policy Loan                                  100,000,000.00     200,000,000      200,000,000  See Note 79",
        "reported_repayment_note": "US $100,000,000. Amortised 2028-02-15 to 2041-02-15 Semi-annual payments. Interest 5.13%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 200000000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC166",
        "instrument": "Beryl Emergency Response and Recovery",
        "outstanding_bbd": 270000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2049-10-15",
        "appendix_note": 80,
        "group": "WB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Beryl Emergency Response and Recovery                                                 54,000,000.00     108,000,000          270,000  See Note 80",
        "reported_repayment_note": "US $54,000,000. Amortised 2031-04-15 to 2049-10-15 Semi-annual payments. Interest 5.12%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 270000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC167",
        "instrument": "Disaster Risk Management Development Policy Loan with a Cat DDO",
        "outstanding_bbd": 300000,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "USD",
        "final_maturity_date": "2049-11-15",
        "appendix_note": 81,
        "group": "WB",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Disaster Risk Management Development Policy Loan with a Cat DDO                      30,000,000.00       60,000,000          300,000  See Note 81",
        "reported_repayment_note": "US $30,000,000. Amortised 2031-05-15 to 2049-11-15 Semi-annual payments. Interest 5.12%. **",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 300000,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC168",
        "instrument": "Budget Support Extended Fund Facility (EFF)",
        "outstanding_bbd": 473655467,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "SDR",
        "final_maturity_date": "2035-06-22",
        "appendix_note": 82,
        "group": "IMFEFF",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Budget Support Extended Fund Facility (EFF)                                              141,750,000     385,154,595      473,655,467  See Note 82",
        "reported_repayment_note": "SDR 171.962,512. Amortised 2024-12-05 to 2035-06-22. Semi-annual payments. Interest 3.26%. ****",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">5–10 years",
          "stock_bbd": 473655467,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      },
      {
        "instrument_id": "AC169",
        "instrument": "Budget Support Resilience and Sustainability Trust (RST)",
        "outstanding_bbd": 390437786,
        "snapshot_date": "2025-12-31",
        "source_id": "S2",
        "pdf_page": 780,
        "original_currency": "SDR",
        "final_maturity_date": "2045-06-23",
        "appendix_note": 83,
        "group": "IMFRST",
        "cashflow_method": "unallocated",
        "cashflow_reason": "Principal amounts by payment date not established",
        "cashflows": [],
        "source_row": "Budget Support Resilience and Sustainability Trust (RST)                                   267,050,000     729,002,888      390,437,786   See Note 83",
        "reported_repayment_note": "SDR 141,750,000. Amortised 2033-12-26 to 2045-06-23. Semi-annual payments. Interest 3.61%. ****",
        "final_maturity_classification": {
          "method": "final_maturity_classified",
          "bucket_as_at_2025_12_31": ">10 years",
          "stock_bbd": 390437786,
          "warning": "Entire remaining balance classified by final date; earlier amortisation is not allocated here"
        },
        "bucket_only_classification": null
      }
    ],
    "notes": {
      "1": "BBD 23,300,000. Bullet payment 2028-04-02. Interest 7.75%. Fixed rate",
      "2": "BBD 23,300,000. Bullet payment. 2033-04-02. Interest 8.15%. Fixed rate",
      "3": "BBD 23,300,000. Bullet payment 2038-04-02. Interest 8.55%. Fixed rate",
      "4": "BBD 23,300,000. Bullet payment 2043-04-02. Interest 8.95%. Fixed rate",
      "5": "BBD 3,000,000. Bullet payment 2029-11-30. Interest 7.50%. Fixed rate",
      "6": "BBD 3,000,000. Bullet payment 2034-11-30. Interest 7.50%. Fixed rate",
      "7": "BBD 625,000. Bullet payment 2039-11-30. Interest 7.50%. Fixed rate",
      "8": "BBD 625,000. Bullet payment 2044-11-30. Interest 7.50%. Fixed rate",
      "9": "BBD 240,000. Bullet payment 2049-11-30. Interest 7.50%. Fixed rate",
      "10": "BBD 200,000,000. Bullet payment 2027-08-31. Interest 4.50%. Fixed rate",
      "11": "BBD 199,944,000 Staggered bullet payments 5 years from issuance commencing 2028-06-30. Interest 4.50%. Fixed rate",
      "12": "BBD 199,598,600. Staggered bullet payments 5 years from issuance commencing 2030-06-15. Interest 4.50%. Fixed rate",
      "13": "US $73,259,400. Amortised 2026-03-20 to 2037-09-20. Semi-annual payments. Interest 4.40%. Fixed rate",
      "14": "BBD 146,518,800. Amortised 2026-03-20 to 2037-09-20. Semi-annual payments. Interest 3.25%. Fixed rate",
      "15": "BBD 592,716,270. Amortised 2030-02-28 to 2044-11-28. Quarterly payments. Interest 3.25%. Fixed rate",
      "16": "US $5,283,286. Amortised 2022-04-01 to 2029-10-01. Semi-annual payments. Interest 6.50%. Fixed rate",
      "17": "US $135,948,530. Amortised in 2020-06-15 to 2029-01-15. Monthly payments. Interest 4.30%. Fixed rate",
      "18": "EUR €330,000. Amortised 2003-06-01 to 2032-12-01. Semi-annual payments. Interest 1%. Fixed rate",
      "19": "EUR €10,000,000. Amortised 2025-11-15 to 2041-11-15. Semi-annual payments. Fixed interest rate. Tranche 1 - 1.42%\n   EUR €9,173,734. Amortised 2027-11-15 to 2043-11-15. Semi-annual payments. Fixed interest rate. Tranche 2 - 3.90%",
      "20": "US $63,822,954. Amortised 2018-12-28 to 2027-06-28. Semi-annual payments. Interest 6.00% (weighted average)",
      "21": "US $170,000,000. Amortised 2022-01-21 to 2037-01-21. Semi-annual payments. Interest 2.50%. Fixed rate",
      "22": "CNY ¥815,500,000. Amortised 2027-09-21 to 2042-09-21. Semi-annual payments. Interest 2.00%. Fixed rate",
      "23": "US $575,249.07. Amortised 2022-04-01 to 2029-10-01. Semi-annual payments. Interest 6.50%. Fixed rate",
      "24": "US $33,631,879.38. Amortised 2009-10-01 to 2027-10-01. Quarterly payments. Interest 5.00%. ***",
      "25": "US $25,000,000. Amortised 2016-01-01 to 2027-10-01. Quarterly payments. Interest 5.00%. ***",
      "26": "US $3,531,838. Amortised 2017-07-01 to 2029-04-01. Quarterly payments. Interest 5.00%. ***",
      "27": "US $33,200,000. Amortised 2015-10-01 to 2028-07-01. Quarterly payments. Interest 5.00%. ***",
      "28": "US $4,615,000. Amortised 2018-01-01 to 2031-10-01. Quarterly payments. Interest 5.00%. ***",
      "29": "US $6,474,000. Amortised 2020-10-01 to 2032-07-01. Quarterly payments. Interest 5.00%. ***",
      "30": "US $35,67,000. Amortised 2021-10-01 to 2033-07-01. Quarterly payments. Interest 5.00%. ***",
      "31": "US $3,000,000. Amortised 2022-04-01 to 2034-01-01. Quarterly payments. Interest 5.00%. ***",
      "32": "US $6,877,000. Amortised 2022-04-01 to 2034-01-01. Quarterly payments. Interest 5.00%. ***",
      "33": "US $3,720,000. Amortised 2023-01-01 to 2032-10-01. Quarterly payments. Interest 5.00%. ***",
      "34": "US $75,000,000. Amortised 2024-01-01 to 2030-10-01. Quarterly payments. Interest 5.00%. ***",
      "35": "US $75,000,000. Amortised 2025-01-01 to 2031-10-01. Quarterly payments. Interest 5.00%. ***",
      "36": "US $4,387,024. Amortised 2010-10-05 to 2026-04-05. Semi-annual payments. Interest 6.27% *",
      "37": "US $ 1,563,751. Amortised 2013-01-25 to 2028-07-25. Semi - annual payments. Interest 5.27% *",
      "38": "US $6,598,744. Amortised 2013-10-08 to 2028-04-08. Semi- annual payments. Interest 6.27% *",
      "39": "US $4,861,838. Amortised 2013-06-11 to 2028-12-11. Semi-annual payments. Interest 5.27% *",
      "40": "US $2,541,364. Amortised 2014-09-30 to 2029-03-30. Semi-annual payments. Interest 5.27% *",
      "41": "US $43,200,000 Amortised 2015-09-21 to 2035-03-21. Semi-annual payments. Interest 5.27% *",
      "42": "US $688,840. Amortised 2014-09-21 to 2035-03-21. Semi-annual payments. Interest 5.27% *",
      "43": "US $8,561,708 Amortised 2014-09-21 to 2035-03-21. Semi-annual payments. Interest 5.27% *",
      "44": "US $45,000,000 Amortised 2016-04-10 to 2030-10-10. Semi-annual payments. Interest 5.27% *",
      "45": "US $26,830,440 Amortised 2016-08-07 to 2036-02-07. Semi-annual payments. Interest 5.27% *",
      "46": "US $10,000,000 Amortised 2016-08-07 to 2036-02-07. Semi-annual payments. Interest 5.27% *",
      "47": "US $70,000,000 Amortised 2017-05-16 to 2031-11-16. Semi-annual payments. Interest 5.27% *",
      "48": "US $20,000,000 Amortised 2018-04-15 to 2037-10-15. Semi-annual payments. Interest 5.27% *",
      "49": "US $17,000,000. Amortised 2019-05-15 to 2038-11-15. Semi-annual payments. Interest 5.27% *",
      "50": "US $17,500,000. Amortised 2020-12-15 to 2040-06-15. Semi-annual payments. Interest 5.27% *",
      "51": "US $17,500,000. Amortised 2020-12-15 to 2040-06-15. Semi-annual payments. Interest 5.27% *",
      "52": "US $5,000,000. Amortised 2021-06-15 to 2040-12-15. Semi-annual payments. Interest 5.27% *",
      "53": "US $5,000,000. Amortised 2021-06-15 to 2040-12-15. Semi-annual payments. Interest 5.27% *",
      "54": "US $25,000,000. Amortised 2021-08-15 to 2041-02-15. Semi-annual payments. Interest 5.27% *",
      "55": "US $34,000,000. Amortised 2023-11-15 to 2041-05-15. Semi-annual payments. Interest 5.27% *",
      "56": "US $2,395,148. Amortised 2023-08-15 to 2043-02-15. Semi-annual payments. Interest 5.27% *",
      "57": "US $30,000,000. Amortised 2024-11-24 to 2041-11-24. Semi-annual payments. Interest 5.27% *",
      "58": "US $40,000,000. Amortised 2025-07-15 to 2045-01-15. Semi-annual payments. Interest 5.27% *",
      "59": "US $80,000,000. Amortised 2025-09-15 to 2040-03-15. Semi-annual payments. Interest 5.27% *",
      "60": "US $120,000,000. Amortised 2026-05-15 to 2040-11-15. Semi-annual payments. Interest 5.27% *",
      "61": "US $30,000,000. Amortised 2026-10-15 to 2046-04-15. Semi-annual payments. Interest 5.27% *",
      "62": "US $100,000,000. Amortised 2027-06-15 to 2041-12-15. Semi-annual payments. Interest 5.27% *",
      "63": "US $100,000,000. Amortised 2028-08-15 to 2043-02-15. Semi-annual payments. Interest 5.27% *",
      "64": "US $20,000,000. Amortised 2028-08-15 to 2048-08-15. Semi-annual payments. Interest 5.27% *",
      "65": "US $100,000,000. Amortised 2029-05-15 to 2043-11-15. Semi-annual payments. Interest 5.27% *",
      "66": "US $50,000,000. Amortised 2031-02-15 to 2047-08-15. Semi-annual payments. Interest 5.27% *",
      "67": "US $100,000,000. Amortised 2029-08-15 to 2044-02-15. Semi-annual payments. Interest 5.27% *",
      "68": "US $100,000,000. Amortised 2030-08-15 to 2045-03-15. Semi-annual payments. Interest 5.27% *",
      "69": "US $50,000,000. Amortised 2031-02-15 to 2050-09-15. Semi-annual payments. Interest 5.27% *",
      "70": "US $50,000,000. Amortised 2017-07-20 to 2027-07-20. Semi-annual payments. Interest 6.66%. **",
      "71": "US $35,000,000. Amortised 2017-11-30 to 2027-11-30. Semi-annual payments. Interest 6.40%. **",
      "72": "US $15,000,000. Amortised 2019-11-17 to 2029-11-17. Semi-annual payments. Interest 6.32%. **",
      "73": "US $10,000,000. Amortised 2024-12-24 to 2031-12-24. Semi-annual payments. Interest 6.47%. **",
      "74": "US $100,000,000. Amortised 2026-12-16 to 2040-12-16. Semi-annual payments. Interest 6.40%. **",
      "75": "US $50,000,000. Amortised 2024-11-24 to 2041-11-24. Semi-annual payments. Interest 5.69%. **",
      "76": "US $75,000,000. Amortised 2024-11-24 to 2045-02-21. Semi-annual payments. Interest 5.69%. **",
      "77": "US $35,000,000. Amortised 2013-08-15 to 2038-02-15 Semi-annual payments. Interest 4.27%. **",
      "78": "US $100,000,000. Amortised 2026-07-01 to 2040-01-01 Semi-annual payments. Interest 5.13%. **",
      "79": "US $100,000,000. Amortised 2028-02-15 to 2041-02-15 Semi-annual payments. Interest 5.13%. **",
      "80": "US $54,000,000. Amortised 2031-04-15 to 2049-10-15 Semi-annual payments. Interest 5.12%. **",
      "81": "US $30,000,000. Amortised 2031-05-15 to 2049-11-15 Semi-annual payments. Interest 5.12%. **",
      "82": "SDR 171.962,512. Amortised 2024-12-05 to 2035-06-22. Semi-annual payments. Interest 3.26%. ****",
      "83": "SDR 141,750,000. Amortised 2033-12-26 to 2045-06-23. Semi-annual payments. Interest 3.61%. ****",
      "84": "Includes Central Government payables and tax refunds."
    },
    "cashflow_ladder": {
      "label": "Principal timing as at 31 December 2025",
      "bucket_basis_date": "2025-12-31",
      "buckets": [
        {
          "bucket": "<=1 year",
          "end_inclusive": "2026-12-31",
          "supported_terms_calculated_bbd": 130515000.0,
          "conditional_proportional_strip_model_bbd": 250392826.5,
          "short_term_bucket_only_classification_bbd": 1158530750
        },
        {
          "bucket": ">1–3 years",
          "end_inclusive": "2028-12-31",
          "supported_terms_calculated_bbd": 306581500.0,
          "conditional_proportional_strip_model_bbd": 548909795.75,
          "short_term_bucket_only_classification_bbd": 0
        },
        {
          "bucket": ">3–5 years",
          "end_inclusive": "2030-12-31",
          "supported_terms_calculated_bbd": 132869000.0,
          "conditional_proportional_strip_model_bbd": 591080543.75,
          "short_term_bucket_only_classification_bbd": 0
        },
        {
          "bucket": ">5–10 years",
          "end_inclusive": "2035-12-31",
          "supported_terms_calculated_bbd": 951300000.0,
          "conditional_proportional_strip_model_bbd": 1021338698.5,
          "short_term_bucket_only_classification_bbd": 0
        },
        {
          "bucket": ">10 years",
          "end_inclusive": "9999-12-31",
          "supported_terms_calculated_bbd": 273090000.0,
          "conditional_proportional_strip_model_bbd": 1056423235.5,
          "short_term_bucket_only_classification_bbd": 0
        }
      ],
      "supported_terms_allocated_total_bbd": 1794355500.0,
      "conditional_model_allocated_total_bbd": 3468145100.0,
      "unallocated_principal_bbd": 8495207787,
      "unallocated_by_group_bbd": {
        "local_and_restructured": 2580737312,
        "savings": 17757500,
        "taxcert": 63350,
        "BOSS": 396016900,
        "specialloans": 1426049988,
        "BAMC": 575250,
        "CDB": 330642500,
        "IDB": 1938677261,
        "CAF": 504295181,
        "WB": 436299292,
        "IMFEFF": 473655467,
        "IMFRST": 390437786
      },
      "separate_rounding_residual_bbd": 0,
      "reconciliation_difference_bbd": -0.0,
      "complete_contractual_cashflow_calendar": false,
      "warning": "Supported terms and conditional strip model are separate columns. Final-maturity classifications do not enter this ladder. Loan frequency without instalment amounts does not justify equal-principal allocation. Bills and temporary borrowing are bucket-only stock classifications in a third column; they do not supply dated cash flows. Series H remains outside the cash-flow allocation because perpetual renewal does not establish cash settlement.",
      "short_term_bucket_only_classification_total_bbd": 1158530750
    },
    "alternative_final_maturity_view": {
      "label": "Final maturity and short term classification as at 31 December 2025",
      "buckets_bbd": {
        "<=1 year": 1416197694,
        ">1–3 years": 1151148149,
        ">3–5 years": 997282864,
        ">5–10 years": 3031523238,
        ">10 years": 7906249442
      },
      "undated_or_cohort_unallocated_bbd": 413837750,
      "warning": "Alternative stock classification, not amounts of principal due. Not added to cashflow ladder. Treasury bills and temporary borrowing are separately marked short-term stock, without exact dates.",
      "short_term_classified_without_exact_dates_bbd": 1158530750
    },
    "source_anomalies": [
      "Series D individual rows total BBD3 below its printed subtotal",
      "Series C outstanding column exceeds nominal column in both 2024 and 2025 appendices; allocation uses reported outstanding, explanation unverified",
      "IMF EFF/RST authorized amounts and note amounts differ; no recomputation from SDR footnote",
      "SDR exchange-rate footnote appears inverted relative to reported BBD values; retained verbatim, not applied",
      "Several loan end dates do not fall on a regular cycle from the reported first date; no equal-instalment national loan model is asserted",
      "Series D original template pays to August 2053; Appendix C strip redemption extends to September 2053",
      "Two Series H September 2028 rows have different coupons. S24 explains the 6% row as a five-year renewal in September 2023; it is not an established date error. S25 specifies perpetual rolling. Published original H per-bond amount BBD82.880m differs from later reported BBD82.888m; retain dated stock values."
    ]
  },
  "prior_year_comparison": {
    "source_ids": [
      "S19",
      "S2"
    ],
    "snapshot_dates": [
      "2024-12-31",
      "2025-12-31"
    ],
    "rows": [
      {
        "instrument": "Central government total",
        "balance_2024_bbd": 14509724726,
        "balance_2025_bbd": 14916239137,
        "change_bbd": 406514411
      },
      {
        "instrument": "Treasury bills",
        "balance_2024_bbd": 784309750,
        "balance_2025_bbd": 951350750,
        "change_bbd": 167041000
      },
      {
        "instrument": "Temporary borrowings",
        "balance_2024_bbd": 0,
        "balance_2025_bbd": 207180000,
        "change_bbd": 207180000
      },
      {
        "instrument": "BOSS Plus I",
        "balance_2024_bbd": 199933000,
        "balance_2025_bbd": 198543500,
        "change_bbd": -1389500
      },
      {
        "instrument": "BOSS Plus II",
        "balance_2024_bbd": 158557300,
        "balance_2025_bbd": 196418300,
        "change_bbd": 37861000
      },
      {
        "instrument": "Treasury Note 202101",
        "balance_2024_bbd": 100000000,
        "balance_2025_bbd": 50000000,
        "change_bbd": -50000000
      },
      {
        "instrument": "Treasury Note 2027",
        "balance_2024_bbd": 125000000,
        "balance_2025_bbd": 75000000,
        "change_bbd": -50000000
      },
      {
        "instrument": "Series E",
        "balance_2024_bbd": 1457377806,
        "balance_2025_bbd": 1422412086,
        "change_bbd": -34965720
      },
      {
        "instrument": "Series G",
        "balance_2024_bbd": 590325225,
        "balance_2025_bbd": 590325225,
        "change_bbd": 0
      },
      {
        "instrument": "External 2029 bond",
        "balance_2024_bbd": 905872600,
        "balance_2025_bbd": 119476000,
        "change_bbd": -786396600
      }
    ],
    "repetition_test": "Unchanged contract clauses coexist with changed balances and schedules. BOSS Plus II note changes from one bullet date in 2024 appendix to staggered bullets in 2025 appendix; EUR COVID loan note splits two amortisation start/end schedules. Supports updating, not wholesale verbatim reuse. No claim that every row independently refreshed."
  },
  "budget_ramp_drivers": {
    "source_id": "S2",
    "programme_changes": [
      {
        "programme": "0116",
        "name": "Debentures and Treasury notes",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": 149971573
      },
      {
        "programme": "0118",
        "name": "Local commercial bank loans",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": 0
      },
      {
        "programme": "0123",
        "name": "Government savings bonds",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": -5000000
      },
      {
        "programme": "0124",
        "name": "Tax refund certificates",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": 0
      },
      {
        "programme": "0125",
        "name": "Tax reserve certificates",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": 0
      },
      {
        "programme": "0128",
        "name": "Other local debt",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": 102591
      },
      {
        "programme": "0210",
        "name": "Other debt BAICO",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": 23300000
      },
      {
        "programme": "0114",
        "name": "Treasury bills",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": null
      },
      {
        "programme": "0115",
        "name": "Ways and means",
        "sector": "domestic",
        "change_2026_27_to_2028_29_bbd": null
      },
      {
        "programme": "0119",
        "name": "International financial institutions",
        "sector": "external",
        "change_2026_27_to_2028_29_bbd": 92867201
      },
      {
        "programme": "0120",
        "name": "Governments and governmental agencies",
        "sector": "external",
        "change_2026_27_to_2028_29_bbd": 6862282
      },
      {
        "programme": "0126",
        "name": "Foreign debentures",
        "sector": "external",
        "change_2026_27_to_2028_29_bbd": 0
      },
      {
        "programme": "0127",
        "name": "Other foreign commercial loans",
        "sector": "external",
        "change_2026_27_to_2028_29_bbd": -3172255
      }
    ],
    "domestic_change_bbd": 168374164,
    "debentures_and_notes_change_bbd": 149971573,
    "share_domestic_net_change_percent": 89.07041878467767,
    "ifi_change_bbd": 92867201,
    "external_change_bbd": 96557228,
    "share_external_net_change_percent": 96.17840416876922,
    "BOSS_budget_programme_confirmed": false,
    "FY2028_29_final_maturity_candidate": {
      "series": "H",
      "two_strip_balances_bbd": 165776000,
      "final_date": "2028-09-30",
      "cashflow_structure_verified": true,
      "note": "S24 explains the duplicated 2028 date through the 2023 renewal. S25 establishes bullet/perpetual rolling. This stock cannot be assumed to enter budget cash redemption.",
      "perpetual_rollover": true,
      "budget_gross_accounting_hypothesis": "Perpetual rollover can still be recorded as gross redemption plus reissue. S26 fiscal-framework narrative supports testing this; aggregate FY2023/24 budget/outturn cannot establish the instrument mapping."
    },
    "BOSS_hypothesis": "First BOSS Plus bullet BBD198.5435m outstanding is due FY2027/28, larger than BBD84.944332m domestic net increase; offsets must be identified. II is staggered, not entirely one FY2028/29 bullet. No largely-household rollover conclusion without current holder data.",
    "treasury_note_offset": {
      "assumption": "Both 4.25% Treasury Notes are inside 0116 and original repayment schedules continue",
      "fy_2026_27_bbd": 87500000,
      "fy_2027_28_bbd": 12500000,
      "fy_2028_29_bbd": 0,
      "first_transition_decrease_bbd": 75000000,
      "rest_0116_after_BOSS_I_and_two_notes_bbd": [
        372545402,
        338895707,
        610016975
      ],
      "warning": "BOSS II cohorts and all other instruments remain to be allocated; arithmetic does not establish inclusion or exclusion."
    }
  },
  "budget_imf_comparison": [
    {
      "fiscal_year": "2026/27",
      "budget_external_principal_bbd_m": 302.840244,
      "imf_external_principal_bbd_m": 299,
      "difference_percent_of_imf": 1.2843625418060167
    },
    {
      "fiscal_year": "2027/28",
      "budget_external_principal_bbd_m": 346.958765,
      "imf_external_principal_bbd_m": 329,
      "difference_percent_of_imf": 5.458591185410344
    },
    {
      "fiscal_year": "2028/29",
      "budget_external_principal_bbd_m": 399.397472,
      "imf_external_principal_bbd_m": 413,
      "difference_percent_of_imf": -3.2935903147699785
    }
  ],
  "budget_imf_comparison_note": "Within approximately 1–5.5 percent; not all within 5 percent. Different vintages retain separate series. IMF and budget may share government inputs, so proximity is consistency evidence rather than independent measurement validation.",
  "near_term_stock_classification": {
    "snapshot_date": "2025-12-31",
    "horizon_end": "2026-12-31",
    "final_maturity_stock_bbd": 257666944,
    "treasury_bills_bbd": 951350750,
    "temporary_borrowings_bbd": 207180000,
    "classified_total_bbd": 1416197694,
    "share_of_central_government_stock_percent": 9.494334872166913,
    "not_complete_cashflow_share": true,
    "warning": "Stock maturity/short-term classification. Earlier amortisation of longer instruments is excluded; rolled instruments can produce no cash settlement or repeated gross refinancing. BBD495m legacy-bill amount is from 2024 MTDS, not a verified December 2025 component."
  },
  "series_h_resolution": {
    "source_ids": [
      "S2",
      "S19",
      "S24",
      "S25"
    ],
    "reported_stock_bbd": 414440000,
    "two_september_2028_balances_bbd": 165776000,
    "renewal_2023": {
      "date": "2023-09-30",
      "carrying_value_bbd": 82888000,
      "renewed_coupon_percent": 6,
      "renewed_term_years": 5
    },
    "structure": "Bullet principal with perpetual rolling; 2023 renewal explains the second September 2028 maturity alongside the original 6.625% ten-year bond.",
    "budget_cash_redemption_or_programme_mapping_established": false,
    "budget_accounting_test": {
      "fiscal_year": "2023/24",
      "programme": "0116",
      "object": "854",
      "approved_principal_bbd": 441845925,
      "actual_principal_bbd": 414982778,
      "source_ids": [
        "S27",
        "S19",
        "S26"
      ],
      "reported_framework_wording": "Includes Series H in its discussion of repayments offsetting lower amortisation after earlier buybacks/prepayments",
      "inclusion_of_2023_h_renewal_in_0116_verified": null,
      "interpretation": "Gross redemption plus reissue is a testable explanation. Neither aggregate programme figure identifies the H component. Not proof that the FY2028/29 provision includes the BBD165.776m maturity.",
      "time_series_test": "Compare 0116 actuals in FY2022/23, FY2023/24 and FY2024/25 after isolating Series E buyback, Series B prepayment, Series D reverse auction and scheduled amortisation changes; an unadjusted bump is not identification.",
      "financing_side_test": "Locate the BBD82.888m September 2023 reissue in gross domestic financing. S26 narrative names bills BBD172.6m and BOSS purchases BBD211.1m but not H; omission is weak evidence only.",
      "approved_less_actual_principal_bbd": 26863147,
      "budget_gap_warning": "BBD26.863m gap cannot establish cash or gross treatment because other instruments can offset it; no instrument decomposition is supplied."
    }
  },
  "rolled_by_design": {
    "label": "Contractually maturing, rolled by design",
    "snapshot_date": "2025-12-31",
    "groups": [
      {
        "instrument": "Legacy restructured monetary-policy Treasury bills",
        "within_one_year": true,
        "balance_as_at_2025_12_31_bbd": null,
        "included_in_951350750_bill_total_verified": null,
        "historical_mtds_amount_bbd": 495000000,
        "warning": "Do not deduct an unverified December component or count all current bills as legacy rolled bills."
      },
      {
        "instrument": "Series H",
        "outstanding_as_at_2025_12_31_bbd": 414440000,
        "september_2028_maturing_bbd": 165776000,
        "stock_bucket": ">1–3 years",
        "cash_settlement_verified": false,
        "gross_budget_recognition_verified": null
      }
    ],
    "warning": "A contractual maturity, rollover transaction and cash settlement have different measures. No financing-side reissue is invented."
  },
  "editorial_status": "Substance signed off after v5; v6 moves the answer ahead of the method and adds the citizen perspective without changing the inventory, schedules or conclusions.",
  "one_year_principal_timing_estimates": {
    "snapshot_date": "2025-12-31",
    "horizon_end": "2026-12-31",
    "short_term_stock_bbd": 1158530750,
    "supported_dated_principal_bbd": 130515000,
    "sum_without_strip_model_bbd": 1289045750,
    "share_without_strip_model_percent": 8.64189517317739,
    "conditional_strip_principal_bbd": 250392826.5,
    "sum_with_strip_model_bbd": 1539438576.5,
    "share_with_strip_model_percent": 10.32055441295115,
    "strict_cash_settlement_lower_bound": false,
    "upper_bound": false,
    "assumptions": [
      "Each short-term snapshot balance classified within the year and counted once",
      "Published schedules unchanged by later operations or deferrals",
      "Original proportional strip model applies only to the second estimate"
    ],
    "excluded": "Unallocated-loan amortisation, contingent early redemption and repeated refinancing of renewed instruments",
    "warning": "Disjoint instruments permit addition, but the short-term column is classified stock, not an exact cash schedule. Rolled-by-design balances may produce no cash settlement. Figures are conditional partial principal timing estimates, not a cash-flow bound or a range containing the total."
  },
  "opening_percentage_rounding": {
    "displayed_shares_percent": [
      12.0,
      7.8,
      23.3,
      57.0
    ],
    "displayed_sum_percent": 100.1,
    "reason": "Independent rounding; unallocated share is 56.95274599 percent and correctly rounds to 57.0 percent."
  },
  "publication_edit": {
    "change": "Answer-first lede and concrete citizen section covering interest, direct and indirect creditors, foreign exchange and conditional disaster deferral; principal ladder and allocation coverage on page 2",
    "numeric_inventory_changed": false,
    "one_year_figure_label": "Stock maturity classification, not a complete cash-flow share",
    "publication_or_site_deployment_performed": false,
    "citizen_interest_revenue_check": {
      "source": "S1 Table 2a p 37",
      "units": "BBD million",
      "FY2026_27": {
        "interest": 708,
        "revenue": 4812,
        "interest_share_percent": 14.713216957605985
      },
      "FY2027_28": {
        "interest": 717,
        "revenue": 4718,
        "interest_share_percent": 15.19711742263671
      },
      "qualification": "FY2026/27 revenue includes temporary top-up corporate income tax; about one in seven is an approximation, not a fixed allocation rule."
    },
    "citizen_evidence_qualifications": [
      "NISSS is identified as the main subscriber to the BBD250m 2044 debenture in FY2024/25, based on S28 paragraph 19; subscriptions at issue do not establish current holdings.",
      "Foreign-exchange needs are distinct from an automatic net reserve reduction.",
      "Payment deferral is conditional on the applicable instrument terms."
    ],
    "citizen_citation_check": {
      "creditor_paragraph": "S2 and S18 follow BOSS participation and maturity; S28 follows NIS issue-time subscriptions; the pension and depositor link is labelled I. S25 removed.",
      "foreign_exchange": "S1 and S3 follow the currency, reserves and peg explanation.",
      "conditional_deferral": "S3 and S21 follow the deferral sentence; S21 p 4 verified. S18 also supports BOSS disaster/pandemic deferral, but is removed here as redundant."
    },
    "site_editorial_pass": {
      "edition": "6.2",
      "change": "Readable category labels in the site display layer; corrected open-question 5 heading; citizen explanations added to each open question.",
      "repayment_data_changed": false
    }
  }
}