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- Bahamas Registered Stock Secondary Market Offering Prospectus - June 2019
Bahamas Registered Stock Secondary Market Offering Prospectus - June 2019
Published: Thursday June 20th, 2019
Secondary Market Release Term Sheet
Bahamas Registered Stock 2026
Terms Released: 20 June 2019
| Security Details | Secondary Market Details | ||
|---|---|---|---|
|
Security Type: |
Bond |
Amount Released: |
$15,000,000 |
|
Security ID: |
BGR114021 | Release Opens: | 24 June 2019 (9:30 a.m.) |
|
Issuer: |
Bahamas Government |
Release Closes: | 25 June 2019 (3:00 p.m.) |
|
Registrar: |
Central Bank of The Bahamas | Value Date: | 26 June 2019 |
| Issue Date: | 19 December 2016 | Last Interest Payment: | 19 June 2019 |
| Maturity Date: | 19 December 2021 | Days Interest Due: | 7 |
| Original Tenor: | 5 Years | Accrued Interest per Bond: | $0.071918 |
|
Coupon: |
3.75% | Price per Bond: | $102.3161 |
| Calendar: |
Actual/365 |
Price Date: | 15-Jun-19 |
|
Interest: |
Semiannually | Face Value: | $100 |
| Unit: | $100 | 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 $0.071918 = $7.191781)
Step 2: Calculate principal cost (100 bonds x $102.3161 = $10,231.61)
Step 3: Calculate total due ($7.191781 + $10,231.61 = $10,238.801781)