FAQs

Banker and Advisor to Government

How are Treasury bill rates determined?

There are at least four interest rates associated with Treasury bill issues:

  1. The Average Tender Rate refers to the average of all accepted bids, i.e. the actual amount paid for each $100 Treasury bill.

  2. The Average Discount Rate is determined by subtracting the average tender rate from 100 and multiplying by 4.

  3. The Market Rate is the rate the Central Bank charges on Treasury bills purchased from its portfolio. It is determined as the Average Discount Rate, less 0.1%.

  4. The Rediscount Rate refers to the rate used by the Central Bank to discount Treasury bills offered for sale before maturity. It is determined as the Average Discount Rate plus 0.5%.


  1. What is the difference between a Treasury bill and a Government Bond?
  2. How are Treasury bill rates determined?
  3. How does the Treasury bill tender operate?
  4. How do I buy Bahamas Government Registered Stock?
  5. What if I needed to sell my Bahamas Government Registered Stock?
  6. What should I do if I've lost my Bahamas Government Registered Stock certificate?
  7. Can I use my Bahamas Government Registered Stock as collateral if I needed to get a loan?
  8. What is the National Debt?
  9. How has the National Debt changed over the past few years?


Available FAQs