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Bahamas Registered Stock Initial Public Offering - May 2020

Published: Thursday April 23rd, 2020

PROSPECTUS

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2021 ISSUE OF B$75,000,000 ISSUED UNDER THE
BAHAMAS REGISTERED STOCK ACT
Prospectus Date: April 22, 2020

Issuer: Bahamas Government Open Date: April 29, 2020 (9:30 a.m.)
Registrar: Central Bank of The Bahamas Close Date: May 01, 2020 (3:00 p.m.)
Organizer: Central Bank of The Bahamas Settlement: May 05, 2020
First Int Pmt: November 05, 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
BGR137021 75,000,000.00 100 1 2.57% May 05, 2021 Semi-annual
75,000,000.00

Amid the COVID-19 Pandemic the Central Bank will observe thebelow changes to the procedures for Bahamas Registered Stock Initial Public Offerings

Payments: Subscription amounts should be made electronically. Settlement instructions for Central
Bank as follows:

Beneficiary Bank: Central Bank of The Bahamas
BIC: CBBHBSNS(XXX)
Account: CBOB General Account 1315010051
Branch Code: 10000 (if applicable)
Details: Applicant Name + NIB Number + BRS Application

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 will be notified via email when certificates are available for collection. Amid the COVID-19 Pandemic, the Central Bank has suspended the printing and collection of physical certificates until further notice.
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.

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