News

Notice of BRS Availability November 2018

Published: Friday November 9th, 2018

PROSPECTUS

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS

BAHAMAS REGISTERED STOCK 2021, 2023, 2025, 2038 AND 2048 ISSUE OF B$30,000,000 ISSUED UNDER THE BAHAMAS REGISTERED STOCK ACT

Prospectus Date: October 16, 2108

  • Issuer:Bahamas Government
  • Registrar:Central Bank of The Bahamas
  • Organizer:Central Bank of The Bahamas
  • Open Date:November 12, 2018 (9:30 a.m.)
  • Close Date:November 14, 2018 (3:00 p.m.)
  • Settlement:November 16, 2018
  • First Int. Payment:April 15, 2019 (short)
  • Calendar:Actual/365

The Central Bank of The Bahamas will not accept applications after 3:00 p.m. each day.

Security ID Issue Size
(B$)
Unit Share
(B$)
Tenor
(Years)
Interest
(Fixed)
Maturity Interest
Payment
BRS 125121 2,000,000 100 3 2.76% October 15, 2021 Semi-annual
BRS 125223 2,000,000 100 5 3.26% October 15, 2023 Semi-annual
BRS 125225 3,000,000 100 7 3.87% October 15, 2025 Semi-annual
BRS 125138 18,000,000 100 20 5.00% October 15, 2038 Semi-annual
BRS 125048 5,000,000 100 30 5.50% October 15, 2048 Semi-annual
30,000,000
  • Payments:Subscription amounts should be made electronically or via bank draft payable to the Central Bank of The Bahamas only. CASH PAYMENTS WILL NOT BE ACCEPTED.

  • Requirements:Applicants must present a NIB card and one additional form of identification: either a Driver’s License or Passport. New Business customers must present a list of its authorized signatories along with a Memorandum / Articles of Association.

  • Refunds:Refunds will be made within three (3) business days following the closing date. No interest will be paid on amounts refunded.

  • Certificates:Results will be made available on the Central Bank’s website and successful applicants can collect their certificates from the Central Bank 30 calendar days following settlement.

Application forms may be obtained from The Central Bank of The Bahamas' offices in Nassau and Freeport or from the Central Bank’s website at www.centralbankbahamas.com. Additional details are also available on the website.

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