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Bahamas Registered Stock Secondary Market Offering Prospectus - June 2019

Published: Thursday June 20th, 2019

Secondary Market Release Term Sheet

Bahamas Registered Stock 2026

Terms Released: 20 June 2019

Security Details Secondary Market Details
Security Type: Bond Amount Released: $15,000,000
Security ID: BGR114021 Release Opens: 24 June 2019 (9:30 a.m.)
Issuer: Bahamas Government Release Closes: 25 June 2019 (3:00 p.m.)
Registrar: Central Bank of The Bahamas Value Date: 26 June 2019
Issue Date: 19 December 2016 Last Interest Payment: 19 June 2019
Maturity Date: 19 December 2021 Days Interest Due: 7
Original Tenor: 5 Years Accrued Interest per Bond: $0.071918
Coupon: 3.75% Price per Bond: $102.3161
Calendar: Actual/365 Price Date: 15-Jun-19
Interest: Semiannually Face Value: $100
Unit: $100 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 $0.071918 = $7.191781)
Step 2: Calculate principal cost (100 bonds x $102.3161 = $10,231.61)
Step 3: Calculate total due ($7.191781 + $10,231.61 = $10,238.801781)

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