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THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2023, 2025, 2027, 2030, 2040 AND 2050 ISSUE OF B$30,000,000 ISSUED
UNDER THE BAHAMAS REGISTERED STOCK ACT
Prospectus Date: April 06, 2020
| Issuer: | Bahamas Government | Open Date: | April 8, 2020 (9:30 a.m.) |
| Registrar: | Central Bank of The Bahamas | Close Date: | April 17, 2020 (3:00 p.m.) |
| Organizer: | Central Bank of The Bahamas | Settlement: | April 21, 2020 |
| First Int Pmt: | October 21, 2020 | ||
| Calendar: | Actual/365 |
The Central Bank of The Bahamas will not accept applications after 3:00 p.m. each day.
| Security ID | Issue Size (B$) | Unit Share (B$) | Tenor (Years) | Interest (Fixed) | Maturity | Interest Payment |
| BGR136023 | 500,000.00 | 100 | 3 | 2.94% | April 21, 2023 | Semi-annual |
| BGR136025 | 250,000.00 | 100 | 5 | 3.45% | April 21, 2025 | Semi-annual |
| BGR136027 | 250,000.00 | 100 | 7 | 4.05% | April 21, 2027 | Semi-annual |
| BGR136030 | 2,000,000.00 | 100 | 10 | 4.76% | April 21, 2030 | Semi-annual |
| BGR136040 | 12,000,000.00 | 100 | 20 | 5.30% | April 21, 2040 | Semi-annual |
| BGR136050 | 15,000,000.00 | 100 | 30 | 5.69% | April 21, 2050 | Semi-annual |
| 30,000,000.00 |
Amid the COVID-19 Pandemic the Central Bank will observe the below 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 aproration in the event of an oversubscription.
Additional instructions regarding the Central Bank's amended procedures to accommodate the COVID-19 pandemic are attached.
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