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ANNOUNCEMENT: Bahamas Government Registered Stock Issue, September 6, 2002

Published: Friday September 6th, 2002

The Government of The Commonwealth of The Bahamas announces the issue of a further offering of Bahamas Registered Stock totalling B$60.0 Million. Applications for subscription to the Issue of Stock will be opened at 9:30 a.m. on 6th September, 2002, and will be closed as soon as the total subscriptions amount to B$60.0 Million, and in any case no later than 3:00 p.m. on 10th September, 2002. Application for the Stock Subscription must be applied for in units of B$100.00. 

The details of the Issue are outlined in the attached file.