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- Notice Of BRS Availability April 2019
Notice of BRS Availability April 2019
Published: Monday April 15th, 2019
PROSPECTUS
THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS
BAHAMAS REGISTERED STOCK 2020 ISSUE OF B$75,000,000
ISSUED UNDER THE BAHAMAS REGISTERED STOCK ACT
Prospectus Date: April 15, 2019
| Issuer: | Bahamas Government | Open Date: | April 23, 2019 (9:30 a.m.) |
| Registrar: | Central Bank of The Bahamas | Close Date: | April 25, 2019 (3:00 p.m.) |
| Organizer: | Central Bank of The Bahamas | Settlement: | April 29, 2019 |
| First Int Pmt: | April 29, 2019 | ||
| Calendar: | Actual/365 |
The Central Bank of The Bahamas will not accept applications after 3:00 p.m. each day.
| Security ID | Issue Size (B$) | Unit Share (B$) | Tenor (Years) | Interest (Fixed) | Maturity | Interest Payment |
| BRS130020 | 75,000,000.00 | 100 | 1 | 2.42% | April 29, 2020 | Semi-annual |
| 75,000,000.00 |
Payments: Subscription amounts should be made electronically or via bank draft, payable to the Central Bank of The Bahamas only. CASH PAYMENTS WILL NOT BE ACCEPTED.
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 closing date. No interest will be paid on amounts refunded.
Certificates: Results will be made available on the Central Bank's website, and successful applicants can collect their certificates from the Central Bank 30 calendar days following settlement.
Allocation: Securities will be awarded in accordance with the Central Bank's priority level allocation process, with priority given to individual applications in amounts equal to and less than $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.
Application forms may be obtained from the Central Bank of The Bahamas' offices in Nassau and Freeport or from the Central Bank's website at www.centralbankbahamas.com. Additional details are also available on the website.