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Bahamas Registered Stock Secondary Market Offering Prospectus - August 2019

Published: Thursday August 22nd, 2019

Secondary Market Release Term Sheet

Bahamas Registered Stock 2025

Terms Released: 16 August 2019

Security Details Secondary Market Details

Security Type:

 Bond

Amount Released:

 $4,470,000

Security ID:

 BGR105025 Release Opens: 22 August 2019 (9:30 a.m.)

Issuer:

Bahamas Government

 Release Closes: 23 August 2019 (3:00 p.m.)

Registrar:

 Central Bank of The Bahamas Value Date: 26 August 2019
Issue Date: 25 July 2016 Last Interest Payment: 25 July 2019
Maturity Date: 25 July 2025 Days Interest Due: 32
Original Tenor: 9 Years Accrued Interest per Bond: $0.385753

Coupon:

 4.40% Price per Bond: $103.8691
Calendar:

Actual/365

 Price Date: 15-Aug-19

Interest:

 Semiannually Face Value: $100
Unit: $100 Yield: 3.67%
    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 $0.385753 = $38.58)

Step 2: Calculate principal cost (100 bonds x $103.8691 = $10,386.91)

Step 3: Calculate total due ($38.58 + $10,386.91 = $10,425.49)

Secondary Market Release Term Sheet

Bahamas Registered Stock 2027

Terms Released: 16 August 2019

Security Details Secondary Market Details

Security Type:

 Bond

Amount Released:

 $3,810,800

Security ID:

 BGR120027 Release Opens: 22 August 2019 (9:30 a.m.)

Issuer:

Bahamas Government

 Release Closes: 23 August 2019 (3:00 p.m.)

Registrar:

 Central Bank of The Bahamas Value Date: 26 August 2019
Issue Date: 15 December 2017 Last Interest Payment: 15 June 2019
Maturity Date: 15 December 2027 Days Interest Due: 72
Original Tenor: 10 Years Accrued Interest per Bond: $0.950795

Coupon:

 4.82% Price per Bond: $104.2767
Calendar:

Actual/365

 Price Date: 15-Aug-19

Interest:

 Semiannually Face Value: $100
Unit: $100 Yield: 4.21%
    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 $0.950795 = $95.08)

Step 2: Calculate principal cost (100 bonds x $104.4.2767 = $10,427.67)

Step 3: Calculate total due ($95.08 + $10,427.67 = $10,522.75)

Secondary Market Release Term Sheet

Bahamas Registered Stock 2036

Terms Released: 16 August 2019

Security Details Secondary Market Details

Security Type:

 Bond

Amount Released:

 $2,185,600

Security ID:

 BGR109036 Release Opens: 22 August 2019 (9:30 a.m.)

Issuer:

Bahamas Government

 Release Closes: 23 August 2019 (3:00 p.m.)

Registrar:

 Central Bank of The Bahamas Value Date: 26 August 2019
Issue Date: 3 October 2016 Last Interest Payment: 3 April 2019
Maturity Date: 3 October 2036 Days Interest Due: 145
Original Tenor: 20 Years Accrued Interest per Bond: $2.145205

Coupon:

 5.40% Price per Bond: $104.5464
Calendar:

Actual/365

 Price Date: 15-Aug-19

Interest:

 Semiannually Face Value: $100
Unit: $100 Yield: 5.00%
    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 $2.145205 = $214.52)

Step 2: Calculate principal cost (100 bonds x $104.5464 = $10,454.64)

Step 3: Calculate total due ($214.52 + $10,454.64 = $10,669.16)

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