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Bahamas Registered Stock Secondary Market Offering Prospectus - July 2019

Published: Wednesday July 17th, 2019

Secondary Market Release Term Sheet

Bahamas Registered Stock 2027

Terms Released: 16 July 2019

Security Details Secondary Market Details
Security Type: Bond Amount Released: $5,556,000
Security ID: BGR120027 Release Opens: 17 July 2019 (9:30 a.m.)
Issuer: Bahamas Government Release Closes: 18 July 2019 (3:00 p.m.)
Registrar: Central Bank of The Bahamas Value Date: 19 July 2019
Issue Date: 15 December 2017 Last Interest Payment: 15 June 2019
Maturity Date: 15 December 2027 Days Interest Due: 34
Original Tenor: 10 Years Accrued Interest per Bond: $0.448986
Coupon: 4.82% Price per Bond: $104.3131
Calendar: Actual/365 Price Date: 15-Jul-19
Interest: Semiannually Face Value: $100
Unit: $100 Yield: 4.21%
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 $0.448986 = $44.8986)
Step 2: Calculate principal cost (100 bonds x $104.3131 = $10,431.31)
Step 3: Calculate total due ($44.8986 + $10,431.31 = $10,476.2086)

See link below for further examples:

https://www.centralbankbahamas.com/news.php?cmd=view&id=16529

Secondary Market Release Term Sheet

Bahamas Registered Stock 2036

Terms Released: 16 July 2019

Security Details Secondary Market Details
Security Type: Bond Amount Released: $2,376,600
Security ID: BGR109036 Release Opens: 17 July 2019 (9:30 a.m.)
Issuer: Bahamas Government Release Closes: 18 July 2019 (3:00 p.m.)
Registrar: Central Bank of The Bahamas Value Date: 19 July 2019
Issue Date: 3 October 2016 Last Interest Payment: 3 April 2019
Maturity Date: 3 October 2036 Days Interest Due: 107
Original Tenor: 20 Years Accrued Interest per Bond: $1.583014
Coupon: 5.40% Price per Bond: $104.5607
Calendar: Actual/365 Price Date: 15-Jul-19
Interest: Semiannually Face Value: $100
Unit: $100 Yield: 5.00%
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 $1.583014 = $158.30137)
Step 2: Calculate principal cost (100 bonds x $104.5607 = $10,456.07)
Step 3: Calculate total due ($158.30137 + $10,456.07 = $10,614.37137)

See link below for further examples:

https://www.centralbankbahamas.com/news.php?cmd=view&id=16529

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