Results Bahamas Registered Stock Initial Public Offering - November 2020
Published: Friday November 20th, 2020
RESULTS BAHAMAS REGISTERED STOCK
INITIAL PUBLIC OFFERING - NOVEMBER 2020
On behalf of The Bahamas Government, the Central Bank facilitated a $26.5 million Initial Public Offerings (IPO) of Bahamas Registered Stock (BRS) for value November 17, 2020. The offering, which was over-subscribed, consisted of benchmark tenors and included grow/shrink options at the tenor and offer levels to accommodate market demand. Details of the offering’s results are tabled below:
|
Security ID
|
Coupon Rate
|
Initial Distribution
|
Final Distribution
|
|
BGR141023
|
3.45%
|
$2,000,000
|
$969,800
|
|
BGR141025
|
3.95%
|
$1,000,000
|
$5,400,200
|
|
BGR141027
|
4.60%
|
$1,000,000
|
$788,200
|
|
BGR141030
|
5.35%
|
$1,500,000
|
$2,826,000
|
|
BGR141040
|
5.90%
|
$8,000,000
|
$2,234,200
|
|
BGR141050
|
6.35%
|
$13,000,000
|
$15,639,500
|
|
BGR141150
|
6.35%
|
-
|
$1,010,200
|
|
|
|
$26,500,000
|
$28,868,100
|
Please contact the Central Bank at [email protected] or 302-2620 if there are any questions.
