Public Notice: Participation by Resident Investors in The Bahamas Government Tender Offer for Outstanding United States Dollar (USD) Bonds

Published: Thursday June 19th, 2025

Public Notice

Participation by Resident Investors in The Bahamas Government Tender Offer for Outstanding United States Dollar (USD) Bonds

The Central Bank of The Bahamas advises that resident investors who previously received approval to purchase foreign currency, via the Investment Currency Market (ICM), for the acquisition of Bahamas Government USD Bonds may participate in future buy-back and reinvestment programmes offered by The Bahamas Government for such USD Bonds without the need for prior Central Bank approval. Please note however, that this applies only to residents who participated in the original offering. Any new investment beyond the proceeds of sale of the previously approved Bahamas Government USD Bonds will be subject to prior Central Bank approval with the usual conditions, including the 5.0% ICM premium.

Accordingly, resident investors participating in the Government of The Bahamas’ tender offer to repurchase six of its outstanding USD-denominated bonds in exchange for new bonds, which closed on 16^th June 2025 are exempt from the ICM 5.0% premium. The waiver has been granted solely for the purposes of this transaction, and participation will be facilitated through authorized broker-dealers or authorized agents (trust companies).