Bahamas Registered Stock

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 20, 2020

The Central Bank of The Bahamas will not accept applications after 3:00 p.m. each day.

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.