Bahamas Registered Stock Benchmark Prospectus December 2022 Results- Central Bank of the Bahamas

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Bahamas Registered Stock Benchmark Prospectus December 2022 Results

Published: Monday December 5th, 2022

Amended: Thursday January 12th, 2023

PROSPECTUS

THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS

BAHAMAS REGISTERED STOCK 2025, 2027, 2029, 2032, 2042 AND 2052 ISSUE OF B$20,000,000

ISSUED UNDER THE PUBLIC DEBT MANAGEMENT ACT, 2021

Prospectus Date: 5th December, 2022

Issuer:	Bahamas Government	Open Date:	7th December, 2022 (9:30 a.m.)
Registrar:	Central Bank of The Bahamas	Close Date:	9th December, 2022 (3:00 p.m.)
Organizer:	Central Bank of The Bahamas	Settlement:	14th December, 2022
Minimum:	$100	First Int. Pmt:	14th June, 2023
Increment:	$100	Calendar:	Actual/365

Central Bank of The Bahamas must be in receipt of all applications and funds before 3 p.m. on 9th December2022.

Security ID	Issue Size	Can Grow/Shrink?	Unit Share(B$)	Tenor (Years)	Interest Fixed	Maturity	Interest Payment	Final Distribution
BGR157025	8,000,000	Yes	100	3	3.58%	14-Dec-25	Semi-annual	7,453,400
BGR157027	1,000,000	Yes	100	5	4.03%	14-Dec-27	Semi-annual	2,717,000
BGR157029	1,000,000	Yes	100	7	4.68%	14-Dec-29	Semi-annual	807,600
BGR157032	1,000,000	Yes	100	10	5.43%	14-Dec-32	Semi-annual	1,157,900
BGR157042	1,000,000	Yes	100	20	6.01%	14-Dec-42	Semi-annual	229,200
BGR157052	8,000,000	Yes	100	30	6.51%	14-Dec-52	Semi-annual	4,281,800
	20,000,000							16,646,900

Instructions for participation in this Initial Public Offering are outlined below for:

New and Existing Individual Investors; Existing Institutional Investors:

Application:Complete the electronic application form. Sign and submit the application form to the Markets Unit IPO email address [email protected] with the subject "BRS Application" + "Client Name" (e.g. BRS Application for John Doe). Applicants will receive an acknowledgement within four hours of submission, during normal business hours.

(1) Submit application via the BRS Application Portal (enrolment required). New and existing individual investors may enrol and submit an application by visiting the following link: https://submissions.centralbankbahamas.com/bgrsapplication/login

KYC/ID: (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.

Payment: Subscription payments may be made electronically via commercial bank or digitally via Sand Dollar in accordance with the user’s wallet limit.

Settlement instructions are as follows:

i)Bank Wire Information:
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 (e.g. John Doe NIB#12345 BRS Application)
ii) Central Bank Digital Currency Sand Dollar Information:
Direct payments to Receiver's Custom Name (alias): [email protected]

Allocation: Securities will be awarded in accordance with the Central Bank’s priority-based auction allocation method, with first priority given to individuals applying for $250,000 or less. All other applicants-individuals greater than $250,000 and institutions-will be classified as Priority Level 2. Allotments may be prorated, as needed, depending on the total value of subscriptions.

Grow/ShrinkEach security in this offering has the capacity to grow or shrink based on total subscriptions received for each tenor. The entire offer also has the capacity to grow or shrink, commensurate with overall demand. The issuer maintains the right to cap the offer, at its sole discretion.

Refunds: All refunds will be disbursed within three business days following the settlement date.

Certificates: Successful applicants will receive an electronic copy of their allotments, via email, within three business days following settlement.

(The Central Bank discontinued the provision of physical bond certificates effective July 2020.)

New Institutional Investors:

Broker-dealersNew institutional investors may participate through a BISX registered broker-dealer, a list of which may be found at: https://bisxbahamas.com/broker-dealers/.

Bahamas Registered Stock