News

Notice of BRS Availability May 2019

Published: Wednesday May 1st, 2019

PROSPECTUS

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2020 ISSUE OF B$75,000,000
ISSUED UNDER THE BAHAMAS REGISTERED STOCK ACT

Prospectus Date: April 15, 2019

Issuer: Bahamas Government Open Date: May 9, 2019 (9:30 a.m.)
Registrar: Central Bank of The Bahamas Close Date: May 13, 2019 (3:00 p.m.)
Organizer: Central Bank of The Bahamas Settlement: May 15, 2019
First Int Pmt: October 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
BRS129139 7,000,000.00 100 20 5.04% April 15, 2039 Semi-annual
BRS129149 18,000,000.00 100 30 5.55% April 15, 2049 Semi-annual
25,000,000.00

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: (1) Bahamian E-Passport; or (2) NIB Smart Card paired with one of the following: National Identity Card, Permanent Residence Permit, other National Passport, or Spousal Permit. New Business customers must present a list of its authorized signatories along with Memorandum/Articles of Association.
Refunds: Refunds will be made within three 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.
Allocation: Securities will be awarded in accordance with the Central Bank's priority level allocation process, with priority given to individual applications in amounts up to $250,000. All other applications-individuals greater than $250,000 and institutions-will will be classified as Priority Level 2 and may result in a proration in the event of an oversubscription.
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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