For a better view on Central Bank of The Bahamas, Update Your Browser.
Latest News Latest Publications
Back

Bahamas Registered Stock Secondary Market Offering Prospectus - February 2019

Published: Tuesday February 5th, 2019
Security Details Secondary Market Details
Security Type:  Bond Amount Released:  $20,324,600 
Security ID:  BGR109036 Release Opens:  11 Feb. 2019 (9:30 a.m.) 
Issuer:  Bahamas Government  Release Closes:  13 Feb. 2019 (3:00 p.m.) 
Registrar:  Central Bank of The Bahamas  Value Date:  15 February 2019 
Issue Date:  3 October 2016  Last Interest Payment:  3 October 2018 
Maturity Date:  3 October 2036  Days Interest Due:  135
Original Tenor:  20 Years  Accrued Interest per Bond:  $1.997260 
Coupon:  5.40%  Price per Bond:  $105.8785 
Calendar:  Actual/365  Price Date:  16-Jan-19 
Interest  Semiannually  Face Value:  $100 
Unit:  $100  Yield:  4.90% 
    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 $1.997260 = $199.7260)
Step 2: Calculate principal cost (100 bonds x $105.8785 = $10,587.85)
Step 3: Calculate total due ($199.7260 + $10,587.85 = $10,787.58)

See link below for further examples:
https://www.centralbankbahamas.com/news/public-notices/bahamas-registered-stock-cost-chart

Document(s)