News

Notice of BRS Availability January 2019

Published: Friday January 4th, 2019

PROSPECTUS

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS

BAHAMAS REGISTERED STOCK 2022, 2024, 2026, 2029, 2039, AND 2049 ISSUE OF B$40,000,000 ISSUED UNDER THE BAHAMAS REGISTERED STOCK ACT

Prospectus Date: January 3, 2019

  • Issuer:Bahamas Government
  • Registrar:Central Bank of The Bahamas
  • Organizer:Central Bank of The Bahamas
  • Open Date:January 8, 2019 (9:30 a.m.)
  • Close Date:January 11, 2019 (3:00 p.m.)
  • Settlement:January 15, 2019
  • First Int Pmt:July 15, 2019
  • 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
BRS 127022 1,000,000.00 100 3 2.72% January 15, 2022 Semi-annual
BRS 127024 1,000,000.00 100 5 3.22% January 15, 2024 Semi-annual
BRS 127026 1,000,000.00 100 7 3.81% January 15, 2026 Semi-annual
BRS 127029 2,000,000.00 100 10 4.50% January 15, 2029 Semi-annual
BRS 127039 25,000,000.00 100 20 5.00% January 15, 2039 Semi-annual
BRS 127049 10,000,000.00 100 30 5.50% January 15, 2049 Semi-annual
40,000,000.00
  • 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:Applicants must present an NIB card and one additional form of identification, either a Driver's License or Passport. 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. Priority will be given to individual applications in amounts less than $250,000.

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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