Bahamas Registered Stock Initial Public Offering January 2020

Published: Tuesday January 7th, 2020


BAHAMAS REGISTERED STOCK 2023,2025,2027,2030,2040 AND 2050 ISSUE OF B$30,600,000
Prospectus Date: January 03, 2020

Issuer: Bahamas Government Open Date: January 13, 2020 (9:30 a.m.)
Registrar: Central Bank of The Bahamas Close Date: January 15, 2020 (3:00 p.m.)
Organizer: Central Bank of The Bahamas Settlement: January 17, 2020
First Int Pmt: July 17, 2020
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
BGR134023 500,000.00 100 3 3.00% January 17, 2023 Semi-annual
BGR134025 500,000.00 100 5 3.50% January 17, 2025 Semi-annual
BGR134027 600,000.00 100 7 4.15% January 17, 2027 Semi-annual
BGR134030 2,000,000.00 100 10 4.85% January 17, 2030 Semi-annual
BGR134040 15,000,000.00 100 20 5.35% January 17, 2040 Semi-annual
BGR134050 12,000,000.00 100 30 5.69% January 17, 2050 Semi-annual

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: Bahamian Driver's License, 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 settlement 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 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 Additional details are also available on the website.

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