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Bahamas Registered Stock Secondary Market Offering Prospectus - February 2019

Published: Tuesday February 5th, 2019

Security Details Secondary Market Details
Security Type: Bond Amount Released: $20,324,600
Security ID: BGR109036 Release Opens: 11 Feb. 2019 (9:30 a.m.)
Issuer: Bahamas Government Release Closes: 13 Feb. 2019 (3:00 p.m.)
Registrar: Central Bank of The Bahamas Value Date: 15 February 2019
Issue Date: 3 October 2016 Last Interest Payment: 3 October 2018
Maturity Date: 3 October 2036 Days Interest Due: 135
Original Tenor: 20 Years Accrued Interest per Bond: $1.997260
Coupon: 5.40% Price per Bond: $105.8785
Calendar: Actual/365 Price Date: 16-Jan-19
Interest Semiannually Face Value: $100
Unit: $100 Yield: 4.90%
Minimum Purchase: 1 Unit ($100)

The security's offering's allocation will be on a "first come, first serve" basis.

The Central Bank reserves the right to offer additional securities for sale in the event of an oversubscription.

Example
You buy 100 bonds ($10,000 face value)
Step 1: Calculate accrued interest (100 bonds x $1.997260 = $199.7260)
Step 2: Calculate principal cost (100 bonds x $105.8785 = $10,587.85)
Step 3: Calculate total due ($199.7260 + $10,587.85 = $10,787.58)

See link below for further examples:
https://www.centralbankbahamas.com/news.php?cmd=view&id=16529

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